Thursday, July 31, 2008

Last Minute Freefall to End July

What an unbelievable way to end the moth of July, with a stock market freefall into the closing minutes of the trading session today. The bulls and bear battled back and forth all day today (left chart). I was long twice and short three times during the course of just one trading session. But at the end of the day, the bears took their blood today. Whew! The Dow was down over 200 points in the closing moments of the day.

Be prepared for a very volatile day tomorrow, with the jobs report setting the tone for the trading day.