Friday, October 14, 2005

Opening bell

Looks like the market liked the CPI numbers today. The bulls appear to have been waiting for any signal to stampede. I am not sure how long this will last, however so I am not taking any chances. Oil looks as if it may drop mid-day again. Thanks to the volatility in the crude markets there seems to be plenty of 2 point shorts and 1 point longs in the energy sector every day. My timing has been bad, so I haven't had success, but I may try that out today if conditions look good.

I completed SNDK for +1.31%. These are better results for an overnight trade. The market may push this one higher today or it may give these gains back. On a trade like this in a market with an overall downward bias, I have to set a tight stop and it got taken out just now.


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