Monday, December 3, 2007

Pivotal Day

As the bears and bulls fight for control of the market, we are starting to arrive at critical levels. I believe tomorrow will be an important trading day.

We have the jobs report out on Friday, and a Fed meeting next week. We could very well see some more choppy action as investors wait for economic data.

As for my trading day, I got whipped around trying to daytrade the market. I made a few late buys at the close: BWLD, NVDA, & VMW. Hopefully we see a bull run tomorrow.

Alpha Trends - Video on today's market

NASDAQ carving out a right shoulder

More charts

4 comments:

Bluedog said...

I'm in BWLD. It's only a matter of time, my friend!

-BD

Ragin' Cajun said...

Hey Blue, How was your trip?

Prospectus said...

Today was a slow day unless you were fade-scalping small moves. The Fed will cut 50, IMO. We should have more volatility then! If the Fed doesn't cut 50, then we will really tank. My $0.02

newequity said...

Fuck LSJEW