Wednesday, February 13, 2008

Virtual Office, $1303. SPX, +16,40, 1366.20.

Dehtrader, $573 on 5570 shares traded.
Equine, $430 on 16,400 shares traded.
Me, $194 on 19,000 shares traded.

Ducati, $96 on 16,800 shares traded.
Denarii, $75 on 1800 shares traded.
Wincity, $23 on 600 shares traded.
Timmay, $0 on 3400 shares traded.
Misstrade, no trades.
Retardo, no trades.
OBAT, -$88 on 32,200 shares traded.

It was the kind of day where you just heard politicians trying to score points while grilling or defending Roger Clemens. So fucking stupid.

Hey, you idiots, why don't you go pass a damn law or something?

Anyway, so the market was up big, but on low volume (again). We've seen this before... after the carnage last February, we rallied for months on light volume. After the carnage in August, we rallied on light volume... and now, after the carnage in January, we rally on light volume.

Given that scenario, I just have a hard time being bullish here. But as we were discussing in my company's chat room, your longer-term bias shouldn't really effect your daytrading. There were plenty of nice longs out there if you could get past that.

Also, the health insurers freaked out midday. There were trades there as well.

Now, my house gets ripped to shreds by 3 year olds. Fun. My daily post is below since I didn't trade the full day.

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