I haven't been a big fan of todays movement. Many stocks stayed flat throughout the day, finally to budge to some downside movement. I'm breakeven / slightly negative at the moment. Beginning to get pissed off, so its time to walk away for a while.
What are you trading? I'm having a good day in oil and bonds and a bad day in equities and currencies. overall I agree with you.. today has been quite frustrating in some markets.
only trading ETFS today sold smh at 29.50 sold dxd at 57, ran to 57.50+ bought sso at 69.45 waiting patiently to get back in SMH under $28.50.
I covered the morning fade at 13,300. I'm out for the rest of the day. Interpretation-Took profits too soon probably. F me.... Leave it up to the bear protection if they want to wipe the index out to the close to lows.
QID has been stuck in such a range over the last month or so.....between 48-52. I still own QID myself, Im holding that until the NDX breaks down, I think there is more downside left on all indexes. I like to buy QLD and hedge against my QID position, but only buy QLD under $68.00.