Wednesday, August 19, 2009

Yawn

The close is upon us and the SPUZ are putting a sleeper hold on my imagination and desire to trade - they are up 5.5 - they got close to the unchanged line about 15 minutes ago but the buyers stepped up and rallied em towards the highs of the day. So more of the same - feels like that movie groundhog day.
REITS had nothing, Tech was up a smidge, Oil was the bull story (pun definitely intended) of the day. As we get closer to friday option strikes will become the driver in where stocks and indices find themselves as the various players buy, sell , roll there positions.
I guess the new rules for trading are as follows, if they gap down buy em, if they gap up buy em, if they do nothing buy em - but never ever sell em especially not two days in a row.
I did fine today - made a few bucks - nothing special - Ill take it though.

JB

No comments:

Post a Comment