I'm 100% Cash for Friday. Made a wonderful gain from the CVX trade (sold @ $74.55), but screwed up on the BAC trade (read it wrong and dumped it @ $13.19 before it went to $14). I have a very bearish outlook for Friday and Monday of next week. January scares me for multiple reasons, some of them not even market related! All of the iETFs are at my buy points, but I don't want to buy them just yet; let's see what Friday morning brings...
Until then, Happy New Year, and as always...
Keep Tradin'
PS: THE RALLY IS OVER!!! DON'T let CNBC tell you otherwise.
ZM
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