I Would Hate To Be A Bull Right Now
he bulls had everything going for them today, and what did they do? They blew it! My portfolio was seeing red all over the place, and instead, I managed to break even on the (would have much rather preferred to have finish in the green - my portfolio didn't do overly well today in comparison to the sell-off we got.).
The candle that was formed on the charts spells nothing but bad news for the bulls, as the candle today and yesterday formed a nice bearish piercing pattern, followed by a candle today that was a doji with a long upper shadow. Not the best combinations by any means.
Made one trade today around noon, with the Dow ETF (DIA) at 100.61. I'll post a chart in a little while.
By the way, hope you all managed to take advantage of some of those short watch-list posts I put out earlier today. The rally we got early on was a perfect opportunity to load up on a few of those listed.
Here's the S&P Chart from Today.