Saturday, September 28, 2013

T.J. 9-27-13 Gap and Chaching Friday

The market has been really weepy. Yesterday's rapid rejecting low before closing  made it looked like ready to explore upwards. Then it made a small gap down early morning. It finally closed last Monday's gap below. I guess we are still waiting for Washington's budget deal. It's likely these politicians will kick the can down the road again with a temporary debt ceiling and budget solutions. I am getting tired of these irresponsible and inefficient process.

It's a profitable week for me, or more of a small recovery from last week's disaster. I am disappointed but have to pull myself up from the knock down. I was lucky to get couple of scalps from yesterday and today.
I expect a gap on Sunday if there is a debt ceiling deal over the weekend. A vote is scheduled for tomorrow.

I will start track and report weekly P/L to measure my progress closer.

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