Thursday, July 17, 2008

Trade posts coming later tonight & quick update for now

Didn't have the time to post last night.

Traded the QLD / SSO again yesterday with some pretty good results. Swung a small portion of the QLD overnight which I've got a pretty tight stop on.

By the volume and the price action in the XLF over the last 2 days, it looks like we've put in at least a short term bottom. I can't say I'm 100% sure on that, but I'm pretty sure. Earnings reports will continue to be important to the market over the next few weeks -- especially those of the financial companies.

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