Tuesday, January 15, 2008

Futures gap Down




Looks like the markets going to open with a large gap down, possibly from the citigroup news- Citi gets $12.5B infusion, posts loss

or maybe the markets down because of recent UFO sightings?

I think the market is going to be real choppy today. Keep a close eye on C and financials for market direction today. Also remember we got OPEX this friday, so be prepared for a surprise pop to the upside sometime this week.

The Rajin Cajin has a list of short ETF's. The Nikkei index is continuing to get a beating and is probably the worst index globally right now, making a short trade on EWJ a potential trade candidate.

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