Friday, April 24, 2009

Stress Test

Well we are at the point where the fed releases some "stress test'info. Better known as fog the mirror. This should be interesting. It seems some banks are breaking out and others are lagging so the fas faz are getting somewhat stale.
Market is up 100plus but at 2pm the stress results are released. The market reaction should be interesting.
As far as trading goes pretty much just scalp trading outside of a couple, CYOU and DXO. Bought DXO at 2.5 the other day and will sell if hits 3. It has been pretty consistent. CYOU also. Got some down in the 25s sold today near 28. Amazing how thin that stock is but how it trades a consistent range.
All in all, a gap open build day. Should be interesting if we get some big sell off. Just watching cause i know it can happen after 2 but haven't bet on it. If we don't sell they probably will squeeze this to the close.

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