Markets are churning away. Volatility is mind numbing and our rally got stalled, mainly due to stocks like CME, ICE, AAPL and RIMM. Down one day and Up next day.
CME's drop of $103.55 yesterday and gain of $42.76 today was a killer of a move and anyone in the right direction would be done a years worth of profits in two short days.
Market action back up today, however slight that was, looks promising as all the supports are intact and rally should gain strength with The House and Senate approval of $170 Billions Rebate programme ( increased from $150 Billions before ), aimed at spurring the economy.
We took advantage of weakness yesterday to buy some additional lots in our current holdings.
Happy trading and sleep well.
Harry
