Wednesday, December 15, 2010

Boring day is boring.

The market closed lower today at 4089.75 losing 58.28 points, lower by 1.40% from yesterday. Looks like the week is going to end flat.

Sold SMC today at 135.20 covering the small loss I incurred in PWR yesterday with the same capital.

Position in AP is flat and I am expecting it to move sideways until late late December to early January.

I am currently looking to trade AGI, DMC, MER and possibly SMC for the meantime while the market is still relatively choppy. I am just waiting for a trade setup to form.

I am also looking at/for blue chips that are extremely oversold.

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