Oil is trying to tag $120 and there has been some very poor news on the financials out of Europe. I am expecting a down day today as positions get squared off into the weekend. More reasons to be short (ex energy) than long going into the weekend in my view.
I'm trading light again, and may call it quits after today and allow myself a four day weekend. Four months to year end and I can't wait to see who comes to play. I think financials and commodities will get torched into year end, and I will be keeping a close eye there. Trade em tight today.
Thursday, August 28, 2008
Thursday Morning
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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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