Thursday, January 8, 2009

R.C. Market Report 1.8

  • Today: Downward momentum kept the market in the red for most of the day but the bounce off the moving-average-cross support rallied the stock into the close.
  • Tomorrow: Market will move at the open based on the release of jobless claims number. If the market drops triple digits on the news, I'd start to look for opportunities to the long side.
  • Currently: Long BIDU, AAPL; Short MON, CME, X

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