Thursday, December 17, 2009
State of the Market - 12/17/09
My sister-in-law is getting married and as such, the wedding festivities are already starting here in Pennsylvania. Posts are likely to be short or non-existent for the next few days - I hope you understand. Things don't look great out there right now and if the dollar continues to stay overbought, then the market will likely pullback further. Right now, however, we're still in a range and there isn't a ton to do in terms of anything more than short-term plays. I am still in SDS and today illustrates why I use stops - got me out of some lagging positions today. I probably won't be trading much tomorrow - hopefully someday we'll get out of this range. Good luck Friday.