7/22/2010 gameplan | Bulls on Wall Street

7/22/2010 gameplan

morning folks. futures gapping up to a level that basically erases all the losses from yesterday..  what a crazy market very hard to find an edge in it.  european markets pretty strong, OIL holding up up a bit less than .5%.  Nat Gas continues to be strong lets keep an eye on that. Only a matter of time before a big natgas run starts.
Very hard to chase gaps up like this. Gives you almost no edge as there is a chance that you are buying at teh high of the day. Often what I like to do is watch for a fade at 10am or so then see if market takes out its high a bit later. That can trigger a run.

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