Wow what another great day in the markets!!! Can anyone believe that CLX trade? I couldn't, I guess a thank you is in order to Mr. P&G! I took half off today at 59.50 +2 on 500 shares, gonna let the rest ride til sometime tomorrow. The only other trade from the watchlist I made is I sold all my shares of DE at 47 + 2.5 only 200 shares, but I got back in at 46. Still holding everything else, I think were in some really good positions!
Tomorrow we have the FOMC meeting...my take on it...I think we drift up until the meeting, spike and take out the SPX highs, then probably sell off 10 or so points to end the day. I will probably be looking to unload some longs if we take out the highs, and grab some new shorts (half postions though). If we start to get real range bound like we did today, I'm gonna do some heavy ES trading leading up to the meeting. I will give a midday update tomorrow before the meeting.
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