m Stock Market Trends and Forecasts,Top Investment Returns,Stock market direction,Options,ETF,Indexes,Trade with Confidence,Risk control,OUTPACEsys

Wednesday, November 01, 2006

Stock Market Trends and Forecasts - Daily review - November 1

Stock Market Trends and Forecasts

In accord with the reading of our indicators (see yesterday post), all major equity indexes have closed lower today. The long term trend remains positive for the time being; we'll see in the next few days if we are facing a more significant retreat. Therefore, we will not open any new positions tomorrow.

Today's retreat caused our DIA put position to close today at a nice 15% profit (position was opened Oct 30th).

No comments: