Warren Buffet announced that he would bail out the bond insurers, it looked as though this was the reason for the morning rally. ES unexpectedly reversed though, right where I sold my DXD. Bought it back again at the end of the session.
Tried to fade SGP but I couldn’t take the ride to the top with my current stop loss. Even though my stop was at $150, being down $80 was not a good feeling.
Time to re-evaluate the market and me after the morning session.
Pretty much penny pinched my way to $30 on the afternoon session.
At the brighter side, I didn’t get stopped out.