Tuesday, November 25, 2008

Three In a Row-- So Far

The futures are up as the Fed fires more arrows at the beast which is our economy. They are now unveiling a plan for $200 billion to buttress consumer lending.

So far, the rally has been impressive from Fridays lows. Thanksgiving week is usually an odd week, but that doesn't mean it can't be very profitable. I'm watching the 872 level on $SPX as a level of resistance. Good luck traders.


About Me

My photo
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.