Trading today’s tape is enough to drive a man insane. Fed days always bring out the best in volatility, and today is no different.
I was no match for mother market as she had me by the nuts as I walked in to a $FB downgrade. $NFLX also took another dive on me and I was forced to close both positions for losses.
$SINA is back down to my entry price, and all of a sudden does not look that good, I may have to re-evaluate my position. $THLD seems to be the only thing working for me (go figure), and looks like it wants to squeeze higher here.
After the crazy week I’ve had, with hurricane Issac, I am ready for this 3 day break away from the market. But, something tells me the volatility may just be getting started.