Monday, February 2, 2009

Potential Buy Setup in ESRX


There is really just not much out there in this market at all. ESRX has shown some strength off the open by moving sharply higher in the first 30 minutes of the day. Since that time it's had its cooling off period, moving in a more sideways, basing, manner. If it can break above $56.00 per share there is a scalp day trade buying opportunity in ESRX. Be careful though as this market is not rewarding much. Caution, more so then opportunity, is the key word at this juncture.

Sunday, February 1, 2009

Euro Swissy


The Euro Continues to show weakness vs major currency groups as the financial situation in the Eurozone makes our own look like a picnic. It's been trading in a range against the Swiss Franc and if it breaks below 1.4810 I will be shorting.