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. 

7 comments:

Anonymous said...

Long 1/2 position in EDZ to average down if gets lower


@ 5.16

Ol Dawg

Anonymous said...

Sold 2/3 of MIPI @ 1.44

OD

Anonymous said...

Long other 1/2 of EDZ @ 5.16

Anonymous said...

Sold other 1/2 JTX @ 2.58

teomax said...

dawg, thank for your tips. made some money on jtx and mipi too.

Anonymous said...

NO problem Jarda Okurka.

OD

Anonymous said...

You're welcome dawg