Market Acting According To Plan

Home / Market Comments / Market Acting According To Plan
June 12, 2008

Yesterday I said, “Looking to buy weakness today, but not this morning. Waiting to see if we end weaker at the close with kind of a blow down. If we do, I’m back in heavy.”

This morning the market is up quite nicely right out of the gate on a strong retail number and some news that some folks over at Lehman Brothers were canned.

Dow up 100, NDX up 1% or 2% if you’re into 2x beta.


Tags list


Related Posts

Futures Don’t Look So Hot, Happy To Be Short
Financials, Market Comments, Stock Comments
It looks like the futures are showing a bad day tomorrow at least for the open. I’m never excited if I’m short, to see the futures down...
Very Nice Down Day
Financials, Leveraged ETFs, Leveraged Funds, Trades
Well the shorts worked out great today. The RUT was good for 7%, and the NDX was for 4.7%. I like to eat whoppers and we got one in the market today....
A Good Day Today
Alternative Energy, Financials, Market Comments, Trades
A smattering of trades today…. Looks like it was a good move to drop the DDM when I did. HYGS was the trade of the day getting 28% on the move....
What Worked and Sucked Today 3172008
Trades, What Sucked Today, What Worked Today
Worked: Being short. “I swapped lightly to the short side today looking for more selling into Monday morning where I’ll look to either flip...