$SPY now getting exhausted here after reaching my 1st target @ 135.70. I am already looking for some short here, since I think we give some back before the end of the day. We are not going to give much back, but the head and shoulder pattern that I mentioned in the morning, did played out, and now it is just a matter of market continuing to rip, but let’s all make good sense, that even good rallies need to rest at some point.
Because if it does not do it today, we most likely do it in a few minutes of next week”s open. I rather see it today, just because it makes sense. But we can’t never get exactly what we want.
The names I am looking at and their trigger prices are : $AIG under 32, $CAT, Under 84.60, $CY under 13.21, $GIS under 38.24, $MCP under 21.37, $NUAN under 23.73, $WLT under 44.19.
May you all have a good weekend.
