Tuesday, October 21, 2008

Flip a Coin

To figure out if we end tomorrow up or down. Does AAPL YHOO earnings bring on a rally? Or does this fade like all other rallies?

If the buyers truly step up, we can have a decent rally the next few days. But the sellers have consistently stepped in at every chance.

It seems that almost every stock I follow trends with the market. Some weaker, some stronger. What I have been trying to do is being long the stronger names when the SPY is headed higher and being short the weak ones when SPY is headed lower.