Wednesday, June 24, 2009

Market summary

As promised we got some movement in markets today, in morning to upside and then after fed decision to downside and then closing mixed with dow lower s&p, nasdaq higher. Over all it was another indecision day on low volume. But sell off after fed decision was on higher volume than early morning surge. Markets look heavy here and I initiated short position in SBH.
Sector wise Ag, Industrials were higher while oil was lower. In my IRA acct I also rebought TBT today as long term play on rising interest rates.
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