Free Market Video May 16 2011

May 16, 2011 by  
Filed under Free Market Videos

May 16 – A short recovery to start the day wasn’t enough to light a fire under the bulls as it was the bears that took over in the afternoon. Are we seeing a shift in market sentiment or is this just a head fake as we go deeper into options Expiration week? Some lines of support fell while others held by the time the closing bell rang. Seems there is a bit more weakness in the NDX which isn’t always good for the rest of the markets but it has been fantastic for the AAPL short I suggested last week.

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