Sunday, March 22, 2009

Mondays Trade Idea

Well Monday morning should be interesting with the pending unveiling of Mr Gietners plan for removing bad loans from the banking system. Can any honest tax payer out there say "chump"! Why do I feel like the Feds are pouring "my water" into my tub at one end and its leaking out the hole "they made" at the other end. Eventually I will still be naked and cold. Anyway if the market likes his plan Mondays pick should work out well, if not then our SDS trade should keep plugin along. We are going to go long XLK at 15.48 with a stop set at 14.93 Good luck!

http://bigcharts.marketwatch.com/charts/big.chart?symb=xlk&compidx=aaaaa%3A0&ma=2&maval=4&uf=0&lf=1&lf2=0&lf3=0&type=4&size=2&state=0&sid=127185&style=320&time=6&freq=1&nosettings=1&rand=2237&mocktick=1