OPEX Tomorrow

Posted by downtowntrader | 9/14/2006 11:04:00 PM | 0 comments »

Tomorrow is options expiration and as usual, I will be taking the day off. Here are a couple charts that I am adding to the watchlist.

ILMN looks like it has hammered out a support area and is ready to move higher.
XING cleared this ascending triangle and may test it's 52 week high soon.

The Dow is mighty close to an all time high and you have to wonder how much strength bulls have left in them once they reach that mark. Be careful out there.