Friday, November 11, 2011

Hello... Where Are All the Open Outcry Traders?


We had a scandalous start, but a lacklustre finish - with barely any meaningful price action from the open outcry traders towards the end of the day, with choppy price action through and through.

We did manage to hold onto some of the day's gains, but not a lot knifing both ways - particularly on the seemingly landlocked LYG, which has been stuck at one critical psychological price point, not really breaking below - nor breaking above.

I sold early in the day as this is the territory of the market making sharks.

I end the week with a tonne of positions and pray that next week will bring the upside that I miss so very much.

+1.70% SBA
+1.74% Roth IRA

+2.19% DJIA
+2.04% Nasdaq
+1.95% S&P

+1.85% FTSE
+2.18% Eurofirst


Another big day for oil as NYMEX traders close on a 3-month top...

HSW, HSFTs!



No comments: