TGIF

You have to admit last year was a crappy year for everyone, including retailers. So what’s the big whoop that the retailers are having such good year-over-year sales increases?

No scheduled news on Friday, so unless some geo-political infarction happens, or someone opens their mouth at an inopportune time, it “should” be a quiet day….but when was the last time the market did anything it “should?”

I’ve been moderating the Hit and Run Candlestick chat room the last couple of days so I haven’t been trading as much. I’ve got my usual positions but not very active. I like commenting and moderating the room because I find I learn more when I try to explain a position or interpret a chart. It makes you responsible and many times a light turns on and I “see the light.”

Although I took some profits in TZA this morning, I held on to some, thinking the day would continue to the downside…but no. So I’m underwater in the remaining position…for now. But remember it’s options expiration next week, so get ready for another wild ride.

P.S. This moving to a new website is a pain in the arse!