Market Going My Way

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September 7, 2007

I loaded up the boat yesterday and its paying off because a storm of red has hit the markets this morning on the back of the jobs report. I thought the numbers were very short term bearish for the market and that it will cause a repricing.

Even though I’m staring better than 3% gains in the face this morning in the NDX and RUT – I’m hanging on. Mainly because I don’t think buyers come in and rescue with today being Friday and Sept 11th anniversary around the corner.  Moreover, I see no oversold signs on the charts this morning.

Gold is finally breaking out. It did a head fake last month, but over the last 3 days its doing the real thing now.


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