23/72009 after market

What a day! Bulls showed great strength lifting the S&p to around 975.Some people must be laughing at others who call this a bear market rally.

Well, I still call it a bear market rally., I dont mind these upswings. The only problem is to miss the opportunity of making money. At these levels, I dont see a high return/risk , therefore I am neutral, maybe slightly short. I am holding myself back to short more, because the market wants to go up up up. It is better to sit aside for me right now.

For risk lovers, YES the market wants to test 1000. I dont believe it will be successfull but the uptrend is ovious, you can wait for a pull back. The trading range at 950-955 seems to be broken. But still I dont get excited, I only feel bad because, the market is technically a buy(volume is confusing a bit, but today there was a significant increase in volume) but fundamentally I dont see a bright future for the market.

We will see.