Today's action was helped by Bear Sterns statements as well as positive talk on inflation. All this of course can change, but looking at the pre-market @ the time of these "bullish" statements...EVERYTHING TOOK OFF!!!
So, being i'm still at work...i'm stuck (unrelated to my blog name) or helpless if the FED says something dumb again.
Earnings today of significance: AMAT, HSBC holdings, IFX, Macy's, SINA, so a mix of Tech, bank, retail AND Chinese names...
In fact, Chinese stocks are Cha-ching today...even before the positive statements from BSC
I'm checking out what the Bears are saying today... If anything, the semi-bear market has alerted me to technical trading more than ever before. And i am always on the lookout to get out or even flip the orientation of my positions.
Kinda the plan of the day... Let the rally run... buy put protection as positions continue positive...if not by days end...
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