Dow 6,628.29 Down 247.55 (3.60%)
Nasdaq 1,307.83 Down 45.91 (3.39%)
S&P 500 684.54 Down 28.33 (3.97%)
30-yr Bond 3.51% Down 0.19
Have been paper-trading a long intra-day idea, with some success. Today I started trading it with a real account. Will be using small positions. I have an entry strategy, the stop is a percentage below the entry, and the closing strategy is not yet done. A trailing stop and close at the end of day has been paper-traded.
EEV 63.14 +4.51. Bought at 63.1.
Insurance and annuity providers are dying.
XLF 6.22-.67. New 52 week low.
FAS 2.78 -.94 (25.27%). New 52 week low.
HIG 3.90 -1.24 (24.12%). New 52 week low.
MFC 7.69 -.84 (9.85%). New 52 week low.
WABC 35.46 -2.33. New 52 week low.
Large companies, like GE, that need short term financing are dying.
AA 5.20 -1.04 (16.67%). New 52 week low.
SRS 98.40 Up 10.98 (12.55%). 52 week range 48.00 - 295.72.
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