Monday, November 9, 2009

I've offered a bearish trade in the QQQQs today, and if it plays out as given, that would imply moderate strength on the opening but not much more.  If the stop-loss on this trade is hit, however, a further rally of about 1.6 percent would be implied.  In the meantime, our erstwhile bellwether Goldman has its work cut out for it if it's going to return to its role as a bear-rally engine.