SPY bounce, trading back into 200 DMA

Last week I said that I expected a bounce this week, and a bounce we got. Unless we get some financial surprise out of Europe, Monday has already set the tone as a light volume bounce week.

If you missed a long bounce entry then don't sweat it, there should be more downside later on. In fact I'm watching for a retrace back up above the 20 DMA to start looking back at short plays again.

Until then, I'm holding my AKS, watching for a dip on OXY, and I am now looking at entry on LNG as per my long nat gas idea indicated last week.