Hey just want to be very clear here I am in all the trades listed on the open play section on the blog and only those. I didn't take SRS as the market opened today as one of my rules is not to buy a stock when it gaps up and it did so I was waited and good thing because I got it @$40 with 1/2 lot.
Well I am definitely wrong here on the financials. I really thought the financials would have sold hard after the mark to market announcement but I am holding my guns here and think it will work, giving it a little room.
I will be neutral here till we touch that 850 area then I will be short or be a buyer @ 750. There is a good short we consolidate in this around for a couple of weeks. Who knows when this chop will be over but seems like the volume is dropping off day by day, which means we are almost at an end.
This morning I said I think we will make one more high before we head south but I dont think the south will be close to that 665 level.
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- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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