Wednesday, April 09, 2008

Apr 9, somewhat bearish day


Looking at the market internals after the open, you could see we were setup for some bearish trading going into the day

NYSE TICK readings were bearish most of the morning.


I got 1 good short scalp on NQ that I covered too soon on around 10:20am.

I avg'ed into a 100 share loser on GOOG around 462, it dropped 2 dollars on me. I exit the loser around 460.4. I keep watching this stock sell off everyday. Should have shorted it yesterday.

A clear trend down most the day.
Bonds were due for an upside breakout and were helped out by the weakness in the US Dollar.

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