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    Wednesday, October 1, 2008

    Good day trading


    The impending "deal" (some deal!) in Washington is providing decent day trade opportunities, without the overnight headline risk. I'll continue to trade the most liquid vehicles, and my focus will be on shorting stocks, even more than playing the yen, bonds, or gold. Very short hold times have been effective, so I'll take what I can get.

    The $USD continues to march higher lately. I'm aware of all the arguments for weaker $USD/stronger commodities, but the charts tell a different story. I'll stand aside on gold, silver, and the agricultural futures until there is relative clarity. For today, shorting stocks at some point seems to have the best risk/reward. Let's see what happens.


    Links I like:

    Perhaps the Japanese are best positioned to assist the US?

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