Wednesday, December 31, 2008

BP and Stocks

The British Pound was a good trade to wrap up the year but I can't help mentioning another trade as ill advised as it may be:  the S&P looks like a sale for a day trade only at 896.25 (it just made a high of 896.50).  Risk 3 points and look for a move back to unchanged.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results