Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Things Are Looking Up…Or Down For The Markets
July 24th, 2009
I think we will all be glad when this week is over. The crazy, irrational-ness that is the market is lighting fires all around the trading world. I spoke with a couple guys from THE STREET (aka 60 Wall) last night and they all have the same feeling as I do. Namely that the short term is looking like a 2-4% correction before the thrust gains more strength. As of right now – LIKE I WARNED LAST NIGHT - we are seeing some selling pressure and will likely head to this area in BLUE below.
On another more sobering note, members and I took a nice little bath on this short that jumped 13% this morning following company earnings. While you NEVER can escape these kind of surprises, you have to take them with a grain of salt and move on. Many of you probably am wondering why I have talking about such a bad trade. The reason is that I am continuing to try and provide HONEST insight and STRAIGHT-FORWARD analysis. I would hope more people than not RESPECT that I show both my gains and losses here for you all…
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Today's Live Market Quotes & Charts
| NASDAQ | 2236.20 | ||||
| S&P 500 | 1104.18 | ||||
| ^TNX | 2.76 | ||||
| ^XAU | 183.49 | ||||
| ^XOI | 983.66 | ||||
| TLT | 102.79 | ||||
| SKF | 20.23 | ||||
| DUG | 61.70 | ||||
| EEM | 42.11 | ||||
| BGZ | 13.95 | ||||
| GLD | 121.56 | ||||
| IWM | 63.52 | ||||
| SDS | 31.79 | ||||
| CMD | 14.40 | ||||
| XLF | 14.51 |
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