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Member Comments - Phil Calls Short-Term Top

|Includes: Alphabet Inc. (GOOG), IWM, TNA
We're going to try something new in the Instablog.

Every day, we are going to feature select comments from Phil's Premium Member Chat.  This will give our Seeking Alpha readers an exclusive inside look at what the Members see at PSW live every day. 

Our first featured comment of the day was Phil's 10:04 comment to Members with a big top call:

Phil - June 3rd, 2010 at 10:04 am |

Watch that 666 line on the RUT - we don’t want to lose that or even show weakness there.  2,300 is key to take on the Nas and the Dow shouldn’t have real resistance until 10,430, whcih gives the NYSE a chance to get to 7,000 if it wants to be serious about recovering

Go GOOG!  $500! 

ISM a bit disappointing, now we’ll see what holds but I’m out of short-term, unhedged, upside plays here.


Disclosure: Long on GOOG