The RO Report, "Mettle" Edition

Seriously, why shouldn't the market be dropping? The banks are destroyed. People are taking dudes who live on boats and store grains seriously... but still, the market is hanging in there.

I went bearish when the SPY cut through 85 like butter. However, if we open Monday, blow through 84 and test 85 again, I'll start to wonder about the short side.

I'm surprised by this mild strength. Of course, it's kind of lame to think we're doing well just because we're not cascading lower, but I think that just points out how negative sentiment is right now. It feels like the world should be ending, but it isn't... yet.

The RO had an impressive amount of traders in the green today, but no one made big size. Out of 31 traders, 24 were gross positive, or 77%. 8 traders made over $1,000 gross and 1 trader lost over $1,000 gross. Pretty solid. I was #7 of 31.

Have a great weekend. Next week this blog will be chock full of posts.

"Lucky Pierre" - Trader D, $9,083 on 162k shares traded.

2. Trader H*, $5,770 on 8,800 shares traded.
3. Trader F, $3,328 on 94,100 shares traded.
4. Trader E, $2,872 on 32,600 shares traded.
5. Trader M*, $2,470 on 0 shares traded.

"Chambermaid" - Trader B, -$9,952 on 549k shares traded.

2. Trader P, -$789 on 80,400 shares traded.
3. Trader I, -$636 on 62,000 shares traded.
4. Trader 12, -$90 on 15,400 shares traded.
5. Trader 3, -$41 on 26,800 shares traded.

(Note, Trader 12 found the RO through this blog. Wish him well.)



Click here for Brian's take.