We were briefly in a trade yesterday that was flagged in timely fashion by an alert chat-roomer who goes by the handle ‘Kibitzer’.  Kibitzer he manifestly is not, since this opportunity had some serious mojo going for it, camo-wise.  The trade went on to reach its ‘D’ target at 1557.00, but not before I’d suggested tightening the stop-loss sufficiently to turn Kibitzer’s $600 winner into a $125 semi-quasi-pseudo winner.

The broad averages underperformed my expectations yesterday, but I still think DaBoyz are simply marking time, waiting for news from Europe to recede from view, albeit perhaps only temporarily.  When liftoff finally occurs, presumably by no later than Friday, you can safely assume the futures are bound for the 1594.25 target, at least.  Camouflageurs, please take note:  a move to the target would become an  odds-on bet if the futures close above the 1562.00 midpoint resistance.  Click here to sample Rick’s Picks free for a week, including the chat room.