Tuesday, March 2, 2010
Squeezing
Yesterday's uptrend momentum is carrying over in the overnight session. I am holding a short position, but I have plenty of room to add more and will on any pop that we have in the first hour. I think the highs for the day will be made in the first hour of trade, and will trade accordingly. No economic data today, but Greece is having a debt issuance tomorrow from what I hear. That may be a market mover, along with the ADP jobs number tomorrow morning. I expect a decent sized selloff either Wednesday or Thursday as traders take profits ahead of NFP.
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7 comments:
Long 1/2 position in EDZ to average down if gets lower
@ 5.16
Ol Dawg
Sold 2/3 of MIPI @ 1.44
OD
Long other 1/2 of EDZ @ 5.16
Sold other 1/2 JTX @ 2.58
dawg, thank for your tips. made some money on jtx and mipi too.
NO problem Jarda Okurka.
OD
You're welcome dawg
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