SQUEEZE

SO, we finally got the shorts squeezed out of us. Day started boring enough. As always you could make money shorting the call, but unless you covered you got killed today. ERICSSON showing poor momentum early in the session, trading down on a happy market. Downgrade by Credit Suisse didn´t help either. Instinet big buyers later in the session making traders short. HUGE futures buyer affecting all Index heavy stocks, including ERICSSON. Man, that was some rally and for some odd reason I always manage to get on the wrong side of those. True to my view about future stock performance I tend to short way to early. Go figure. The OMXS30 made quite a move and this one actually has some chance of lasting through the better part of this week. Activity is still low however and it does not take much to nip this bull in the bud. All eyes on the US markets and so far so good for the bulls. Dollar taking a beating against all majors. Something to watch out for, but probably crude related. Crude rallying some 9% right now.