Market very Nervous Update

Thursday, January 17, 2008

Bernanke not doing much to instill confinence in the markets, I sold the majority of my holdings into the morning gap up, and i am beginning to feel this market just need to get some selling done, I want to cut back trading a lot at this point, waiting for some type of bullish confirmation in the charts, right now i am holding

250 SBUX
40 NMX Bought today
500 JBLU
300 EMC
200 AMD
300 MSO

I do feel there is a chance for a violent reaction rally nad will be watching for that, right now i will be looking to buy on more weakness

GOOG 590-600 level
SBUX on a higher high
FSLR near the 200 dma 150-160
NOK off the 200 dma 32.50- 33