10.01.2008

MCLAME DAY


Leaving early as enough is enough for today as the markets get going down and turn around and vice versa- GE is halted and shoots higher and reverses lower- tomorrow - no idea.


Started trading TWM this morning - stopped out- made a little on UYG and that was about it.


DJIA had a 230 point round trip move while the SPX move was a mere 27 - NAZ /NDX very weak all day as was the RUT. And if it weren't for IBM the DJIA would be in the green and unfortuneately for the IBM longs- its on the DO NOT SHORT - so no short covering relief.


VIX- hanging in near 40;


Crude $99;


GOLD- $877;


EURO- probably at pretty good support 140;


Tomorrow another day and hopefully less whippy.


And if you havent seen the Jon Stewart clip- check it out;



1 Comments:

Anonymous Anonymous said...

That John Stewart clip is funny. Last night his monologue re Monday's market and congress - was devastating. (And funny too.) I don't know if it has been posted yet, but if you missed it, it is certainly worth seeing.

6:01 PM  

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