Fundamental Trading Diary

Fundamental analysis of the capital markets

Trading for Wednesday

Yields and USD are down sharply while oil rallies and the durable goods report comes out solid.  Today would be a decent place to catch a bounce.  I am closing out my NQ short with the aim of getting a better entry price  (+$965).

Update Aug 28 2:06 PM:  I was pretty right.  Nasdaq composite is up 1.1%.  I’m re-entering short at 1909.25.


August 27, 2008 - Posted by | Uncategorized

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