Friday, March 27, 2009

Ready for the weekend

The bulls really put up a fight at the end of the day today to hold up the S&P. I'm glad the week is over because it wasn't a good one for me.

On the positive, although I usually stick to options trading, I had a couple successful trades in SRS and FAZ this week, to help offset some of the beating my puts took.

As far as the market, this has been a powerful rally, but I remain confident that this is only a bear market rally, and that its only a matter of time until we resume to the downside and make new lows. I will leave you with this interesting chart I found posted on another blog.