The market has been flip flopping around S&P 1070 a lot the past 2 days.  That used to be a quite solid pivot point to work from because S&P 1070 has been very close to Dow 10,000 much of the past few months.  However the Dow has outperformed the S&P 500 and over time Dow 10,000 has now become more like S&P 1060.   Which has become the floor/pivot point the last 2 days... the hats come through for the bulls.

With that I covered a good portion of the TNA short I put on late Friday for a small loss with Apple looming ahead.  There is upside for a move up to 1090ish where one would try this trade again.

This has been one sneaky 2 day rally, helping to erase the big losses from last Friday.

S&P 1060 is the new S&P 1070 ....

.... because Dow 10,000 = Dow 10,000.

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