AbsolutionCL

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    Monday, February 14, 2011

    2-14-2011 Monday Happy Valentines Day




    Recap: Overnight is balanced with a slight bias to the downside as I type this < 7:15a.m.CST >, not much has changed from Friday.

    Plan/Hypothesis: Expecting OAIR or an ORR and a balancing day after Fridays big rally. There is no real news to push the market in either direction except the Fed and their POMO action. I will look to fade the edges if we have a range day. Watch for the pink zones to come into play. We broke out of the top zone in the globex session to 1330.50, I will be watching that closely and look to buy dips if we break it with conviction.

    News:

    William Dudley Speaks
    10:00 AM ET




    Quote Of The Day: When you see a good person, think of becoming like him (or her). When you see someone not so good, reflect on your own weak points.

    ~ The Analects of Confucius

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