Day Trading 8/10/09
Hi everyone. I hope you all enjoyed your weekend and were ready to get back to work. This past Friday we had some nice trades including our unofficial trade of the day, AIG; and we ended the week with a long call on FAZ that worked for us nicely. This morning the SPX was a choppy mess but fortunately we had some movers in our focus list and were able to take advantage of some nice moves in FCX, CSIQ, DISH, AIG, RIMM, and FWLT. Once the SPX got moving it slid for most of the day then pulled back and leveled off in the afternoon as traders are now waiting for the FOMC meeting on Tuesday.
We are going to play it safe on Tuesday as FOMC days are typically not the best trading days.
ETF Beta testers: please see my last post HERE.
Have a great night!
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