Thursday, August 29, 2013
Last night's pop took me out of shorts in the /es and /nkd. The re-capture of 1632.50 and hourly close above 13500 were signs that today was going to be a continuation of the rally. I believe the jury is still out on the US markets. We are creeping back into some resistance at the 1645 area but with what looks like an upside break in the Nikkei, I'm inclined to think the US markets will have a bullish resolution. Only time will tell.