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Wednesday, July 7, 2010

markets open for 90 minutes and S&P 500 is up @ 1045 & UNG filled

My short positions are being beat up for past 2 days. I said Friday that I thought there was a technical bounce coming. The market needs to hold 1040 to shake up the bears. I am holding tight & hoping the bounce is finished soon.

One thing on this bounce my nat gas (UNG) was filled. This I hope will be near the bottom for the summer. Broke the "never average down" rule. Hope it pays off.

Writing this message from my iPhone. I will write more when  I'm at my computer.


Watching to see how Europe closes the day (10:30 EST) & other data released later today.

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