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Friday, August 27, 2010
And Bernanke with the stick save!!!
Can always count on good ole Ben to come through in the clutch....not even 30 minutes later, and the U. of M. data is forgotten, as Ben promises more Fed stimulus available. http://www.cnbc.com/id/38879706
But I gotta admit...I just love trading a news driven market like this. The U. of M. miss got my gap fill from the open and much more...traded out at the S1 pivot point....and then I could get long for a 20 minute run-up on Big Ben's announcement. I'm flat again for the day and likely finished, but I will check back later this afternoon to see where we are. With Intel coming out and slashing Q3 guidance http://ransquawk.com/headlines/92546 I'm thinking not many people will want to be long going into the weekend. Could see a brutal sell-off into the close.....
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