Our stock trading strategies are based on surprisingly simple yet effective no nonsense logic that is uncommon in the stock market. For our short term trading strategy we: Buy at support; we take small, quick profits; and we use the 10/2 rule so that we never slip backwards.
Wednesday, February 14, 2007
Nervous Market Needs More Back and Fill
Bernanke testifies before Congress over the next two days and traders are nervous. It is likely that he will provide market moving information as the Fed appears to have hit the sweet spot with their last round of hikes, keeping inflation in check and keeping the economy on solid ground. Even so, the market may be a bit jumpy as it digests the news.
Happy Valentine's!
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