Today the market opened higher and traded sideways until the Fed announcement when it just got hammered. Mr. Bernanke and Co announced that if the economy and employment numbers improved further he would start dismounting QE, therefore our favorite trade is short on spikes. Today we traded very lightly and closed opened positions. Tomorrow, we expect the market to drift lower tomorrow, therefore caution is warranted. We have had a succesful trading month so far, therefore we will not take much risk in order to preserve our profits.
Today´s Profit: USD 189 (Portfolio Size USD 25000)
- ZeroHedge: Bernanke On Soaring Rates: “We Were A Little Puzzled By That” (silveristhenew.com)