Today is the first time I actually "BOUGHT" UYG and wasn't "SHORT" the name. Tonight you will hear many folks calling today the bottom in the financials. I can't "go there" yet, but I will tell you that if we close strong, meaning at the highs, we will get follow through tomorrow. Just trade, don't think.
Wednesday, July 16, 2008
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About Me
- upsidetrader
- 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.
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