The RO Report, "Epic Battle" Edition

There are some key levels right now that the bulls are defending and I have to say, after months of washouts, it's inspiring to watch.

The fact that we've had strong rallies two days in a row after the bears tried to kill strong morning moves to the upside is very good for the bulls. If I may be so bold, I'd say we have a shot at visiting the Dow 50dma sometime in the near future. Currently, that number is 9082... I'd expect heavy resistance between 8900 and 9000 though. After that, I'd be neutral until we could break higher on volume.

Anyway, enough about what I think. Opinions are fairly worthless in this market and I haven't forgotten Monday's disaster. I just like what I'm seeing and wanted to let you know, mostly because I was so bearish for so long. It's just rare for me to be positive about anything.

By nature, I'm a bit of a hater.

The RO had a solid day. It wasn't an easy day, however. It felt choppy out there and there wasn't a lot of strong conviction about what the market was going to do. I mean, I had strong conviction but my execution has been awful, so I don't count.

Out of 16 traders* today, 11 finished gross positive, or 69%. 7 traders finished up over $1,000 gross and only 2 lost more than $1,000 gross. I was #7 of 16.

"Lucky Pierre" - Trader A, $18,583 on 395k shares traded.

2. Trader Z, $15,763 on 214k shares traded.
3. Trader N, $4,243 on 62,400 shares traded.
4. Trader 7, $1,596 on 14,000 shares traded.
5. Trader C, $1,441 on 120k shares traded.

"Chambermaid" - Trader R, -$2,092 on 72,600 shares traded.

2. Trader V, -$1,021 on 71,200 shares traded.
3. Trader B, -$311 on 526k shares traded.
4. Trader D, -$173 on 395k shares traded.
5. Trader 11, -$163 on 5,800 shares traded.

*Due to a technical glitch, I don't have stats for some of the traders today.