Right now it's looking like I should have kept my NASDAQ 100 ETF (QQQ) shorts on. Futures are pointing to a 80 point loss at the open which will likely be exacerbated by the Bernanke speech. GDP came in less than expected at 1% but I had heard estimates as low as .7% so I'm actually encouraged. I can't stress enough that all these data points are LAGGING indicators. Yes, the summer was rough but I'm 100% sure we've already begun to get back on track. Could we test 1120? Yea. In fact, probably. But you know what? At 1120, I'm a buyer. Good Trading!
This is not a recommendation to buy or sell any securities. DAK had no positions in the securities mentioned at time of publication but positions can change at anytime.
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