Pimp My Trade

Market Wrap

Posted on February 11, 2009 by Adam

Well traders,

Nothing happened today - no significant price action. Stocks made a bit of progress, led by the financials, on what appeared to be a short covering rally after yesterday’s bear raid.

My opinion doesn’t really change here. If you look at the chart I put up yesterday, you will see that we are at an interesting level. If we hold this level we should head upwards. I’m just as open to the market breaking down though. If we do so, look for a lot of downside at a break of 815.

Stay balanced in your risk taking until the market makes it’s durn mind up!

Happy Trading!