Two days of market recovery from last Friday's bear-fest make tomorrow an important day. Although the daily volumes have been weak, another "green" day may push us out of the QID into a QLD trade.
We will see what tomorrow brings. The CMI 2.0 never picks tops and bottoms and this trade is no exception. If the QQQQ's move 0.5% in the positive direction, it will probably be time to go long. A -0.5% move and the trade gets extended which would be the preferred direction.
Tuesday, February 2, 2010
Pivotal Wednesday
