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.
Monday, November 10, 2008
Land of Chop
Markets openned higher today really for no good reason other than the Chinese stimulus plan but as with any news lately they sold it right back down. Markets holding up somewhat but some key companies getting crushed like financials and autos. How long will the market believe things are just rosy if these behemoths bite the dust. Really no real good trades other than the gap short the open. Some runners in this mess like INT are doing well but they are over done on the daily. Guess the same game of shorting big fast pops and buying big huge downs, (of companies without bad news) seems to be the only thing working. Everything in between is just chop (i.e. a guess)
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