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:

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


    @ 5.16

    Ol Dawg

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  2. Sold 2/3 of MIPI @ 1.44

    OD

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  3. Long other 1/2 of EDZ @ 5.16

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  4. Sold other 1/2 JTX @ 2.58

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

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  6. NO problem Jarda Okurka.

    OD

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  7. You're welcome dawg

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