Market Wrap 3/16/09

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Today was Tax Day, for those with businesses. So was working on my 1120 taxes most of the day. Was bummed I couldn't watch the market, but had some charts up in the distance and put in some orders before the bell range. 3 of the 4 orders were filled by 11am or so. The 4th never triggered, so canceled it. Watched for some pushes and sold out of a couple positions before noon and moved up the other stops. Then heard the "bling" sound signaling the final positions were stopped out in the afternoon.

Also did a short BGU trade around lunch time. The SPX pull back to the 20SMA on the hourly I believe, so put in an order and made some coinage.

The markets started tanking late afternoon. Ended up as a distribution day.

The last time there were two 90% up days like last week, the market moved sideways for just over two months. Who knows...

Just happy to make money and that only have to do my personal taxes now...

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