Bulls Continue To Frustrate The Bears
Shorting stocks hasn't been the easiest of approaches to profiting in this market, particularly this month. Nonetheless, the bulls still remain unable to push through the 1130 level on the S&P despite a positive jobs report. One thing worth remembering, is the last topping pattern that we saw back in August lasted for seven days. Lord help us, if it takes that long again. I remain short, and added an additional short position that you can see more about by reviewing this mornings short setup - Synnex (SNX).
Tomorrow is quadruple witching so its likely we could see a lot of volatility in the markets. Consumer Price Index and Consumer Sentiment will also add a little extra to the market action too.
Here's the Chart on the Intra-Day S&P Action