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Monday, September 14, 2009

Market Thought... not interested

All I see is an ocean of overbought conditions, yet the market does not want to let up. This is the first time in a while I am truly not interested in any new position or adding to current positions unless things consolidate.

I am ultimately bullish, make no secret of it, but I just have a problem blindly jumping into things. Or when stocks run up in such a short period of time, I hesitate.

Currently I am still short the SP500. I will mostlikely have to reposition the trade (maybe even close it out) depending tomorrow's price movement.

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