Another late afternoon sell-off puttin' some hurt on. Not sure how many people were really too surprised by the selling though, it kind of felt like traders were on guard and ready to take short positions. There were plenty of good short set-ups around if you could get the fill on 'em. Apple gettin' a beat-down before closing down over $9, ouch! DJIA down over 1%, the DJ Utilities, however, up 0.2%. Nasdaq down over 1.4%, and the S&P500 down over 1.2%. Ouch.
Tuesday, July 31, 2007
Ouch!
Another late afternoon sell-off puttin' some hurt on. Not sure how many people were really too surprised by the selling though, it kind of felt like traders were on guard and ready to take short positions. There were plenty of good short set-ups around if you could get the fill on 'em. Apple gettin' a beat-down before closing down over $9, ouch! DJIA down over 1%, the DJ Utilities, however, up 0.2%. Nasdaq down over 1.4%, and the S&P500 down over 1.2%. Ouch.
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