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Wednesday, October 7, 2009

Flat To Down

Well the market was pretty much flat to down for the day . . . All where looking forward to AA earnings (at the end of trading day) and the Initial Job Number due out Oct 8, 2009 (before the market opens). At the time of this posting AA was a positive number and the afterhours trading was brisk, however, we know that the afterhours trading it pretty a no event thing. Volume is always thin and professional will be possibly selling into the open on the following day.

AIG and GS were good for scalping at the open and then went flat for the day . . .