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Friday, November 21, 2008

Trading plan for today

I'm focusing on good SHORT entries for the following equities, in order of preference: SII, ANR, AIV, LM, MS, TRA, EGLE, UBS, TEX, AET, PCU. (See below)

I'm going to watch the SKF (ultra-short financials). They're going to lead today's rally, and so they'll fizzle out before anything else does. I'll probably day-trade SKF and the SDS (ultrashort S&P) while I wait for good entries on the shorts. Why ultra-short and not ultra-long? Well, if it gets away from me, I just hold it. It's gonna come down sooner or later.

Joe

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