Please press "refresh" on control panel above to update analysis

Good morning,

It seems like that the weak opening was pure manipulation of the option prices, as we rallied straight back up, crushing all the puts. The rally stopped right at the crucial 1270 area in the SP500. Therefore I would rather think of shorting below 1272 and long above.

Gold is also approaching an area where it will be worth shorting, but I will wait a little longer. I will keep you updated on this.

The huge move higher last night could just have been a one-day wonder, and it will probably be difficult to sustain this move higher unless we zoom up through 1270. It could be far more likely to see range bound trading for a day or two and then potentially shot all the way up to 1305 in the SP500. by Friday.

The Market Map will continue from tomorrow.

Good luck today

Tom