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  • Wall Street Breakfast: Must-Know News [View article]
    Near the close, and the long profits were there if you took them, and now the shorts are on the move. Wonder what tomorrow holds ... ?
    Apr 28 15:49 pm |Rating: +2 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Follow-up: 1 hour in, and the S&P has turned positive, with the banks nearly at break-even on the way up! Well, the bounce is on. Profit today on day-trading longs, but I'm still holding my unleveraged (mistyped in earlier post above, sorry) shorts for the longer term.

    You can't fight the current momentum, but neither will you be able to fight it next month when a reversal will occur.
    Apr 28 10:34 am |Rating: +4 -3 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Given the flu fears (agreed, overblown) and the uncertainty of the stress tests, I expected the open to be more down than it is; so, maybe we can expect some sort of bounce during the day, but for me, the next few weeks are on a downward slope. I'm leaving leveraged ETF alone most days now, and buying inbeveraged shorts on the financials and the S&P.
    Apr 28 09:51 am |Rating: +1 -2 |Link to Comment
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