Tuesday, October 12, 2010

Market Update - Oct. 12

Been busy with school so haven't had a chance to post to the blog in the mornings.  Markets opened down and quickly got bought up.  PCS retraced to its breakout levels and quickly regained loses.  I was able to get in a couple of day trades: 1 - gain, 1 - loss, for a net gain for the day.  FOMC was a nonevent that I was hoping would pop and quickly sell off.  It did not... and the day ended in the green for the markets.  Currency pairs are the keys to this market and I will be keeping an eye on them as OPEX week plays through.

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