The after market last afternoon and pre market this morning, all the indice are pointing higher. Motorola reported earning warning. But there was one big merger Alcan. This morning, wal-mart reported June sales beat estimates. QQQQ jumped to multi-year high at 49.03.
I bought 225 shares of TASR $16.35/share at pre-market to test the water, as I felt the heat of the market. But it might be wrong. I guess today is a confirmation day. I just don't know if it will trend higher, but my gut feeling is to watch and don't jump in too fast. Watch closely at the market close, which should give clearer direction. If spy can close above 152.2, I think the market should trend higher.
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