DTT Buzz
Exclusive Market Analysis, Alerts and Commentary from the DaytradeTeam trading staff
Friday, April 11, 2008
Down She Goes...
A combination of GE's earnings miss and this mornings Import Price data set the stage for a weak start this morning. The market stabilized a bit after the open, but weakness ensued after the release of Consumer Confidence data....lowest reading since the 1980's!
Long story short, this market is extremely data sensitive. I've said it in previous blogs, and I'll continue to say it. The last thing I will do in this environment is go "All In" with my cash. I will continue to take quarter and half positions, and practice capital preservation.
Happy Trading,
Nick Fenton
Sr. Trade Analyst
Long story short, this market is extremely data sensitive. I've said it in previous blogs, and I'll continue to say it. The last thing I will do in this environment is go "All In" with my cash. I will continue to take quarter and half positions, and practice capital preservation.
Happy Trading,
Nick Fenton
Sr. Trade Analyst
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