Thursday, October 15, 2009

Scalping

Took a few losing scalps on FAS. The reaction to GS and C's earnings in the morning seemed weak to me. Maybe the market finally ran outta gas. Goog and IBM after hours kinda canceled each other out. BAC and GE is on tap tomorrow and it is also OPEX day. Gonna be interesting.

FWIW, my gut feeling for the market tomorrow is that it will be a down day. I doubt the earnings from BAC and GE is gonna push the market higher if GS, C and GOOG couldn't do much today. But anything can happen. Less predicting, more reacting.

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