Wednesday, January 9, 2008

Bears in Control

Could get a reflex rally but I'm inclined to short into any strength. Goldman out bearish on growth this morning. Alcoa (aa) will start eps season after close today. Boy, what a miserable chart that is.

Keep tight stops today. Any bounce I think will be short lived.

Watching- INCY,SLT


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.