Wednesday, March 11, 2009

The RO Report, "Digestion" Edition

There's only one way to view today in the context of the last year: an utter and complete victory for the bulls.

The XLF finished positive, tech was positive, the transports were up and the market finished flat after pulling slightly negative for awhile.

Now what we need is a little follow-through action in the next few days. We filled the gap today that was formed at the end of February. It would be nice to see us close above that level soon to trap some bears. They're not going to get worried just yet though... I realize that.

Anyway, the RO was doing well and then got a little ass-blasted into the close, so we close mixed.

Out of 31 traders today 20 finished gross positive or, 65%. 6 traders made over $1,000 gross and 6 lost over $1,000 gross. I was #12 of 31, or happy to get out of the afternoon alive.

"Lucky Pierre" - Trader D, $13,336 on 389k shares traded.

2. Trader A, $5,720 on 236k shares traded.
3. Trader B, $4,848 on 219k shares traded.
4. Trader C, $1,721 on 301k shares traded.
5. Trader 9*, $1,512 on 1,400 shares traded.

"Chambermaid" - Trader P, -$11,487 on 336k shares traded.

2. Trader Z, -$3,148 on 262k shares traded.
3. Trader J, -$2,423 on 107k shares traded.
4. Trader K, -$2,416 on 87,000 shares traded.
5. Trader V, -$2,323 on 104k shares traded.

Stock Market Video Analysis 3/11/09 from brian shannon on Vimeo.

1 comment:

Dinosaur Trader said...

I'll put this in the Friday link post, but since I studied homelessness in college, I found this interesting.

At least if we're going to have a New Great Depression it'll feel like a Grateful Dead show.