Tuesday, May 12, 2009

05/12/09 Market Recap

More crazy wipsaw action today as the market took out the bulls in the morning then took out the bears in the afternoon. Very well played. Consumer discretionary sector was down the most at -2.08% and health care was the strongest up 1.63%. The markets (specifically the NDX) continue to look weak, we closed below our first level of support in the NDX but failed to close below any major support levels in the ES.
Current favorite short postions, UNP:

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