Monkey Throw Dart: Toxic Bull Signal

Monday, March 23, 2009

Toxic Bull Signal

The bull is back. Just take a look at the left sidebar. The Cheetum Market Indicator is all in with a buy of the QLD at tomorrow's open. Noticing that it looked like this was going to be a sure bet, I jumped in after 10 a.m. today. We will see if this was worth the effort. A nice QLD run up to $30.00 would give the CMI a huge boost but we will let the indicator drive and see where we land.

I don't expect the market to give up much tomorrow. Just watch the next swing points on the Dow, NASDAQ, and SPX as we run higher.