A Boring Day Turns Bad

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August 1, 2008

Today was boring. A big drop on the open followed by a big rally, then a late day big drop. Feeling exhausted yet? I didn’t do anything as far as the indexes went, but I did buy a few stocks. Next week the Federal Reserve will say their piece. To me it looks like the market is shaping up to move higher with maybe a slight selloff into the Fed Meeting. However, that may be the buying opportunity. The other possibility is that we have seen the rally go as far as it can go and then it heads down.

Got into some ABAT, SNTS (Again), and a little SPWR.




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