This is a blog dedicated to daytrading the market. Note: This isn't a solicitation for investments or should it be used as a basis for investing. Daytrading is risky and if you follow others advice, you could lose.
Wednesday, August 17, 2005
LimboVille
Market looks to be buying time here. Some decent news from the tech is propping things but with housing tanking and such there is internal problems. The PPI showed actual inflation which amazes me being everything I have bought lately has been cheaper...not!. So now we wait for the oil numbers which might either push us up or down. But in general no real trades. REDF trading well but looks a little extended but the India market is hitting new highs so who knows and the other is BCSI on their earnings. The stock is so whippy and thin it kind of isn't a great scalper. All I am doing is scalping things like GOOG when it gets hit on the two minute intra-day bar. But outside of that, the market is deciding something here.
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