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I am European Bound
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Just a quick update here. I will be heading off to France today and wont return till October 5.
As of 12:45pm, the market looks good. The Dow is up about 250 points and it appears that the final details of the TARP government plan will be released soon. The market appears to be betting on it. Like I said earlier this week, the market will trade within this large trading range until it doesn't. Until either side breaks, there nothing will be proven in this market. It may take a couple days to a couple weeks so stay patient.
Again, I am long the S&P and the UYG as per my previous posts. I will be holding them for an intermediate term trade to at least 1300 on the S&P and most likely higher. If the DOW closes below 10,000 on a weekly basis, I will be forced to stop out of my positions.
Thats about it, trade safely.
As of 12:45pm, the market looks good. The Dow is up about 250 points and it appears that the final details of the TARP government plan will be released soon. The market appears to be betting on it. Like I said earlier this week, the market will trade within this large trading range until it doesn't. Until either side breaks, there nothing will be proven in this market. It may take a couple days to a couple weeks so stay patient.
Again, I am long the S&P and the UYG as per my previous posts. I will be holding them for an intermediate term trade to at least 1300 on the S&P and most likely higher. If the DOW closes below 10,000 on a weekly basis, I will be forced to stop out of my positions.
Thats about it, trade safely.
