The Twelfth Week of Trading in 2010
The twelfth week of trading in 2010 started off with a first-hour whipsaw, with the S&P’s testing resistance-now-support around 1152, before snapping back into positive territory by 10:30AM EDT.
My open position (short oil) did just the opposite, naturally, flirting with a nice profit before giving up most of the gains.
This week finds the New York-Washington corridor buzzing about the House of Representatives vote approving the Senate version of health insurance overhaul. Much of this news appears to have been baked in to prices, but it may pay to keep your eyes close to your screens today, as the day after an important expiration date can play tricky.
I am going to be babysitting my SCO position for today, I might have time to put some links up later. Make it a good day!
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