Bad Performance Continues

Posted by Kris | Wednesday, April 29, 2009 | | 0 comments »

Going to get a break from trading while I searched back my "mojo". The current rally has not been good to me since I am constantly taking the short side instead of LONG.

Was hoping that the financials tank after the stress test report, even though I suspected that it is going to be a whitewash.Nevertheless, the market quickly discounted the fear factor and continue with bear onslaught. It is rumored that the report indicated that Bank of America & Citigroup need to raise even more additional funds in the coming future. But, that "bad" rumor seem to be have little negative effect at all. 

Even the SWINE flu was not able to stop the bull rally as DJIA continues plowing through various resistances.