SHORT TERM TRADE

"INVESTMENT IS ABOUT FUTURE, NOT THE PAST"

I will be out most of the day, and therefore, I will stay put with no trading. The market remains unclear to me, although metals appear to be under pressure in the early morning trade. While the market is up, internal is not terribly strong, and the pace appears rather slow. I do not trust this bounce and I am not ready to commit any capital.

More stop-losses triggered. OCX was stopped out this morning. What an ugly looking chart!

I went out and back the market fell hard. There's a lot of selling going on there, particularly the recent high flyers. I know it takes a lot of courage to buy here and it could potentially go down further, but I have to hold my nose and buy some. I added some WFR, which was down about another 10% today. There might be some more selling in the next couple of days, in front of the long weekend. My strategy is the same. This is a short term trade. I believe it will bounce a bit from here and I am prepared to sell. Otherwise, I will put a pretty tight stop-loss on it and to see where the overall market. The chart looks awful, but there's no good looking chart out there.

I also added some AKAM at $28.75. I am probably early, but this is the best tech name out there, and I am willing to hold it through. Or, Maybe not. Sold it at $29.64.