Wednesday, November 10, 2010

Hold Long

Current market status:  Healthy
Today's Signal: Hold
Latest Trade: Buy/Long (triggered 11/09/10) 

Commentary
After some morning weakness, which turned out only to be a shakeout of weak longs, the day ended strongly.  My system generated a hold signal. Somewhat disappointed the market sold off immediately following the close.  I am guessing tomorrow will be boring with low volume.  QE2 officially starts Friday and continues almost daily until the printing presses break.

http://www.newyorkfed.org/markets/tot_operation_schedule.html

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