Tuesday, February 27, 2007

It's not looking good

Are you ready to get shot? - Fly's thoughts

Trader Caddy
"Daytraders out there may want to keep an eye on buying something if a counter trend develops (which it will after 10:00). Keep an eye on good relative performance by Healthcare (MRK, JNJ, PPH, etc), Biotechs (AMGN, DNA, BBH, etc.), and chip equipment companies. If there is a rally ABX, NEM may bounce hard due to upgrades. If there is any rally at the end of the day and it holds a swing trade in EEM (emerging markets ETF) may be a good deal."

Note: I did a lot of selling this morning.

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