Last minute surge …

It has caught my attention that ES has been surging in the past half hour or so. If you are patient and wait for this last moment, then go long you would have made money in the past week. I contribute it to institutional buying spree since many prints are pretty big lots of more than 100 contracts.

ES

On an option expiration day like today, the market was pretty choppy. Taking quick profits is prudent. The long tails and shooting stars on the candles caused a lot of pain.

I scaled in some 401K money into mid-cap and foreign funds today. I expect the market will be going higher a little while with recent good earnings from INTC, YHOO and GE alike.