Monday, November 24, 2008

I Hope This Rally Sticks

I'm all for volatility, believe me, but I've never wanted a rally to stick like I want this rally to stick.

Look, we need some good news to talk about over Thanksgiving. Thanksgiving isn't supposed to be depressing... that's what Christmas is for.

I like today's trade so far. The rally is being led by the banks and brokers, which is exactly what we need. If these stocks can hold on for the rest of the day, I'm looking forward to a strong close... potentially, very strong.

Unfortunately, I'm not making much money so far today... the RO is doing well without me. Sometimes that happens.

Let's see if I can catch up though later in the day. I'm feeling optimistic about the market for the first time in, I dunno... a year?

So if the market does rally into the close, this trader is going to be very long.