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Hot Option Plays: Late Day Squeeze
By: DailyMarkets.com
Posted on May 23, 2012 at 17:52 PM EDT
Cusick’s Corner 05-23-2012 One of my associates characterized today as, “dramatically unchanged” (thanks Alex) and he is right, the equities and commodities bounced, and the Dollar and the Bonds crawled back from the highs. The weak shorts were squeezed, the longs fought hard to hold 1300 in the S&Ps, but have some overhead resistance at [...]

Cusick’s Corner 05-23-2012
One of my associates characterized today as, “dramatically unchanged” (thanks Alex) and he is right, the equities and commodities bounced, and the Dollar and the Bonds crawled back from the highs. The weak shorts were squeezed, the longs fought hard to hold 1300 in the S&Ps, but have some overhead resistance at the 1320 level. It will be interesting to see if the shorts in Metals come in overnight and early in the morning session after a decent bounce in Silver, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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