Monday, January 05, 2009
Back In The Game!
It seems like it has been an eternity.....but we are back in the game and looking for some great profits to kick start our year.
We got filled on our January play for $0.90. As for most of last year this was a call side only position so so we have currently no downside risk. There is only 10 days on the play left.
Anyway the winning streak for major markets ended today. The Dow lost 81.80 points, to close at 8,952.89. The SPX declined 4.35 points to finish the session at 927.45. We are in the green and looking ok.
The major market indices failed to break resistance today at their respective 50-day moving averages. Nonetheless, these indices remain in a range that has lasted for nearly a month. The bulls are hoping that better than expected data on nonfarm payrolls Friday will provided the fuel needed to break through resistance.....us on the other hand........
Until next time.
We got filled on our January play for $0.90. As for most of last year this was a call side only position so so we have currently no downside risk. There is only 10 days on the play left.
Anyway the winning streak for major markets ended today. The Dow lost 81.80 points, to close at 8,952.89. The SPX declined 4.35 points to finish the session at 927.45. We are in the green and looking ok.
The major market indices failed to break resistance today at their respective 50-day moving averages. Nonetheless, these indices remain in a range that has lasted for nearly a month. The bulls are hoping that better than expected data on nonfarm payrolls Friday will provided the fuel needed to break through resistance.....us on the other hand........
Until next time.
# posted by Paul @ 6:18 PM 
