With the Fed out of the way I'm feeling slightly more bold. Swallowing this latest quarter point cut gave the market some indigestion yesterday afternoon. We gave back a triple digit gain. This is just the sort of action I was looking for. My upside target has been 13K on the DOW and we peaked at 13010.
The bears are not out of the woods yet. We have the employment report on Friday. I won't be looking to get real aggressive ahead of that.
Thursday, May 1, 2008
Tuesday, April 29, 2008
Waiting for the Fed
Boring.
Portfolio remains market neutral with a slight long side bias seeing as few shorts have been working.
Not much to do before Wednesday's announcement. Sitting on my hands. There are a handful of breakouts in play but it's not time to get all excited, about anything.
Portfolio remains market neutral with a slight long side bias seeing as few shorts have been working.
Not much to do before Wednesday's announcement. Sitting on my hands. There are a handful of breakouts in play but it's not time to get all excited, about anything.
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