Wednesday, February 3, 2010

02/02: Risk trade further intensifies

After an uncertain start of trade, markets eventually shifted into higher gear and placed further distance between their new-found bullish spirit and January's pronounced correction. On the day, the broad-based S&P500 gained 1.3 percent to 1,103. The DJIA propelled forward by 1.1%, while the NASDAQ languished with a +0.9% return. A 10-day chart of the S&P500, courtesy of bigcharts.com, follows:



My own trade on Tuesday, 2/2 focused on five different securities. Forgive me, dear reader, for presently doing no more than posting charts. I shall return to fill-in the story, either within this entry or in a subsequent one.


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