As expected the market gapped up and then drifted down through the day. I sold HLTH and XING this morning before 10:30 and made a small profit on both but not what I wanted. I kept the BGO, SDS and SWY. SWY gained $2.25 through the day and that means it is staying on track. SDS recovered some from the SPY decline and I think they will continue to go down tomorrow and I'll get it all back and then some.
The three sisters finished in the red again and that bodes ill for tomorrow. The up/down percentage is 25% up for the day which is a serious turn-around from yesterday's 75%. I think it will probably go down again tomorrow.
Thursday, July 20, 2006
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