Monday, July 26, 2010

Today' market - July 26

Today market goes up 1% again, a positive reaction to the new home sells. All index hit higher high today.

ATHR up today.. Not good for put or short position as of right now.

Set up the put for ATHR and didnt cancel, today got the position in put.

Will see how it goes.

Market is kind of overbought,, and should have a pull back, but don' t what will happen after the pull back, higher or lower?

Particularly for ATHR, the Chart shows weak as I mentioned earlier. Let's wait and see. As always, stop loss at 30%.

It is very dangerous now to against the market trend. Or tomorrow I may have to flip the hamburger at the Berger King.

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