The Wrap 6/23/10

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Hi guys,

No post tonight as I have my daughter’s graduation ceremony tonight. I have updated the P&L, adjusted stops and added a few names for the watch list for tomorrow.

Note: the next five days will be wild in my view and I don’t think June will go out like a lamb, so be careful out there. Please don’t chase gaps up or down at the open for the rest of the week (or ever) unless you really think we are having a trend “up” or “down” day, and we never know that until later on. Watch the trend and tone of market on entries.

Joe