Monday, October 27, 2008

Swing Day Trade

The Dow Jones future was down 500 point before the market open due to the market sell-off in Asia during the weekend, many of them were down more than 10%, include HongKong. The market opened better than expected and then went up even more than 120 point gain until the last minute that it suddenly sold off and down -203 at closing bell. The Dow Jones closed at 8175.77, the lowest level in 5 years.

The markets in Asia were higher on Tuesday and the Dow Jones future is up 200 point for now.
Though the chart is still bearish and the consumer confidence number will be announce tomorrow which is expected to be lower. The house sales number increase while the price is down.
Any up day of this week maybe a runaway day or a good day for short...


Today's trade:
Shorted ANR @26.53

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