The Dow is up 58 as I write this, and the SPX is up 5.20. There are a lot of traders who don't like to go into a weekend with positions, but after the response of the market to all of the Black Swans which swarmed in the past 2 weeks, what could possibly happen this weekend that would cause a big Gap Down on Monday? You know, the day that has presented a nearly perfect record of advances since QE2 and even earlier with the rumors of QE2.
What could possibly go wrong?.......ya, right!
But we can't make the big money being totally cautious. So let's go with the positions we have (as long as those positions are long). Take a look at the new stop loss prices for our open trades. If by chance Monday does turn sour, we can protect our profits.
Have a great week end, and Best To Your Trading!
Bill
No comments:
Post a Comment