Rare non-trading related late night post for me: [more]
This blog’s bias is back to neutral (from long) again. [more]
2 ticker symbols… GLD and TBT (GLD at 94, TBT at 70.5) [more]
So we probably made a short term bottom at 1200 and at the close on Wednesday we retook the critical level at 1240 (just closed at 1242). [more]
I changed my personal bias on the market to bullish at 1305 and followed that call by buying the S&P in my 401K the next day at 1282. [more]
I thought oil would break sending the market higher.
It looks like the market broke sending the market much lower.
Im still long in my 401K from 1282 but I have to admit I was early here. Its not going to take much more for me to decide I was not only early but wrong.