The market continues to become uncertain.  There is no clear direction, but this dip in the market definitely feels like it could be the correction many have been waiting months to experience.  I apologize for the lack of updates, but honestly there isn’t much going on as far as trading in this market.  Once a clear direction is taken I will pick back up my trading.  I am going to begin writing different posts, not just daily recaps and watch lists so stay tuned as you may see them this week.

Today I took two trades in one stock.  I shorted MOS earlier in the day for a quick $50 profit.  I re-shorted it later in the day as it came back down and penetrated support.  I am holding overnight and will see how it plays out tomorrow.  I’ll keep you updated in my next recap.  Be careful trading in this market!  It’s best to not make as much money than lose a ton.

Daily Profit: $50 – before commissions