Monday, March 12, 2007

Quiet Day For Stocks



Not too much to talk about today as far as the major indices are concerned. Both the NASDAQ and the S&P made inside days while the Dow rallied above Friday's high.

I'm short SPY, QQQQ and DIA from Friday.. I'm looking to add to my short position if the market rallies to the 50% retracement level.

Posted by Kevin

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2 comments:

Cire said...

im right with you Kev, think we shorted at about the same time. we should test that 50% fib tomorrow. what is your stop?

5:43 PM
Kevin said...

My stop is right above the .618 retracement...

7:45 PM

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