Monday, January 25, 2010

Market Talk

Quite a boring day -- variation on Plan B as the market went up, but not enough to excite momentum traders, and no sell-off to hit our alerts. We did very little all day except for some swings on very small size (25% of the normal 25% starter position) on SCHN NUE RIG JRCC BVN AUY TC PAAS mostly to stay in the game and stay focused. We're up in a few, down in a few, and keeping them all into tomorrow.

Market is in wait mode for earnings/econ news this week and there's just not enough edge to put on any out-sized bets.

Let's see if tomorrow is more exciting. HCPG