S&P Stuck Between 800 and 875

February 12th, 2009

What a day huh? If you checked the markets this morning you probably thought we were in for another huge sell-off, and really that’s what I was expecting. But, here we are at the end of the day and the S&P ended in positive territory. I will admit that my portfolio was very much in the green this morning but ended up only slight up thanks to my short/long ratio. I moved down some stops this morning to lock in profitsĀ and am still confident in the short termĀ future for my positions. I know I sound like a broken record, but let’s face it, we are still in a tight trading range for the markets. We need to breakout – either up or down – to get a clearer picture. Please check out the trading video below with some great short ideas!

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