Thursday, February 14, 2008

Day summary

All four indexes closed down today but again on lackluster volume , as I mentined last week the volatility was expected this week considering that its a options expiration week. The squeeze is continuing in the indexes and market is churning. Its unable to make up its mind about further direction. The spring is coiling. We got out of CSCO and USTR both at abt 2% profit each after both of them hit my stop on the rest of the position. Still holding EQT and UNG both were up nicely today in negative market.

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