11-19-09

Well the jobless claims came out this morning. They were better than expected ,but i believe the street wanted the weekly number to be under 500,000. We didn't get it. Now i said this again last week and we rallied so we could do the same this week. All in all having the market do the same thing two weeks in row is almost impossible. This thing has gotten so tricky that trying to short tops is very hard.

The best thing to do is either hold the short position or wait of a break of 1102 on the SP500 or 10,360 on the DOW.


I am short and have been short the past two weeks. The only thing that has saved me is daytrading for small profits. Of course i am looking at serious red positions that are my swing trades. We got real close to be stopped out on these monday.



Adios