It looks like holiday interruptus for the traders at SMB. The financial/real estate bubble that is better known as Dubai has burst like a Macy’s Thanksgiving Day Parade balloon. As I write this quick note the Hang Seng is down about 550 points but 200 points off its low. The S&P futures are off 23 and the NAS 100 futures are off 40.
I’ve already received a few emails from some of our guys who are chomping at the bit to take advantage of what tomorrow’s shortened trading session has to offer. I have spent the past couple of hours watching world markets trade and writing down notes on the stocks I may trade tomorrow. As a short-term trader I must be prepared to pounce when the market offers this type of opportunity.
We will follow up with a post tomorrow morning on our strategy/focus for the day.
Hope everyone had a peaceful holiday.
One Comment on “Holiday Interruptus!”
Well, I was having a glass of wine Thanksgiving night after the big turkey feast, playing online poker, thinking about how it was going feel to sleep in (being a west coast trader, sleeping in has a different meaning than NYC), and then I saw this post. So much for sleeping in, good open for me. Your morning posting today was very generous.
Thank you.