Wednesday, January 6, 2010

Trade Ideas For 01/07/2010

Market looks frothy to me here.Everyone and there cousin's are bullish.Speculation at its highest level with all time low VIX reading.I can't find many good long setups.Everything seems too extended for my test.If you want to play long side, please keep your stops tight.It might not be a bad idea to add a little hedge with Inverse ETF's like TZA and DUG with tight stop since it's a Bull Market.Market could really use a breather here.


daytrader233 said...

No disrespect but you may want check the date for today's ideas post. (12/07/2009)

NYC Trader said...

Haha- Still I year