Thursday, March 25, 2010

I see a pullback coming....

I will keep this short dear readers as I am hard pressed for time today. I was thinking of not doing a post at all today, but then decided to write down a few lines as today was a pretty important day, at least in my view. Today was the most disappointing day for the bulls in a long, long time. What started as another impressive up run, ended as a down day on the S&P. I wouldn't be surprised to see today as the start of a meaningful pullback.

I still hold all my longs as I didn't get the chance to look at the markets today until the last 15 minutes. Seeing the state of the markets at that time, I took positions in FAZ and SDS.

Take care and good luck tomorrow!

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