I want to keep the momentum going with my exciting profit-taking.
Next week, thankfully, we have another data packed week to drive price action with Pending Home Sales, Consumer Confidence, FOMC Meeting Minutes, and our absolute favourite: Non Farm Pay Day.
Let's continue grilling the bears - perhaps by knocking them out with a new monthly high?
Suddenly on the radar: TGB with an intense +17.33% chart popping moment. Will it continue?
Report for the Day due to Bernanke's Jackson Hole Speech:
+2.08% SBA
+1.59% Roth IRA
+1.21% DJIA
+2.49% Nasdaq
+1.51% S&P
P.S. So I'm actually not trading on margin at all, but in spite of having a cash account, I am subject to the Fed's Regulation T restrictions due to trade settlement red tape. I don't like the fact that I'm essentially lending money to E*Trade and will therefore have to take a new course of action next week. I'm going to open another account next week to extricate myself from this 90-day trading probation that E*Trade has put me on - that is, if I don't have to evacuate the trading floor due to Irene's arrival.
Run for your lives from the hurricane, HSFTs!
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