8:00 AM
Last Friday after Thanksgiving, market went up with positive rally. Today, the pre-market is up a little. It tramed much larger earlier gain. So the trend is to open higher and go lower.
Meanwhile, it is officially a bear market. As the Dow made a recent low on 11/23/2007 before Thanksgiving. So make sure all position is mainly in short side. Long position can be only for short-term trade.
11:00 AM
The trend is right. The market is going down. The financial is weak. So I will buy some SKF (ultra short financial XLF)
4:15 PM
The market is on the way down. Major indices broke on all previous low.
Bought 100 shares of SKF before lunch. And at the close, bot 5 contacts of rimm put.
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