Wasn't close to a computer for the rest of the day after my last post. Meetings and getting ready for the second practice of the day. SODA finished well amid the turmoil and may have found a bottom, with any rebound this could be a nice gainer from here. But things are looking shaky. Although we didn't establish a new low, a significant drop like this so soon after the last rounds of selling and short rebound period, all bets are off right now. I'm keeping my short status and with options expiration tomorrow and the weekend coming up, I definately won't be doing any buying unless an extremely favorable set-up becomes apparent. Although today was an ugly one for the retirement accounts, I was really happy with my net 6.4% gain in my trading account today. Lets hope for a stable day tomorrow...except for BID and OPEN (and the financials can tank to keep the FAZ trading going).
Reuters: The day ahead
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