Day Trading 9-26-09
Friday trading was a quiet end to a very profitable week for our traders. Short trades worked better on weaker than expected housing numbers and earnings reports. RIMM took a big hit in stock price after missing its target.
Watch the SPX for a bigger pullback but don’t go too heavy on short positions until we have confirmation of a reversal in trend. Every time the SPX has looked toppy in the last few months it has continued even higher.
ShogunTrading.com
P.S. Volume and volitility are increasing as more traders are coming back from summer vacations and getting involved in the markets. That means more opportunities are available for our clients. Sign up now for our Swing Trading service or Day Trading chat room with a full 100% Money Back Guarantee. Our new ETF trading service is also available for a FREE 1 month trial period.
