Tuesday, April 1, 2008

No April Fools

Well, I sat out Monday due to the rise in equities plus I was busy doing other things besides trading. Today, I was busy again, but saw the IWM flirting with its breakout (as were many issues). So I bought UWM and held it intraday for a $1/share gain. I also bought some XHB on a breakout intraday for a $0.40 profit. The bulls had their day, but how long will it continue???

I regret not buying GLD on its breakdown today. If its down again tomorrow, I'm in. At this point, I'm licking my chops and if the DOW can make it to 12900, I'll be salivating to put some shorts on. FXP, SKF, and any double inverse ETF is on my radar.

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