Pivotal Day

9am EST Today is one of those pivotal days in the market. I believe we will go higher today barring any extraordinary events. This does not make me fundamentally bullish long-term yet. I like the fact that financials are starting to firm up a little. The market is starting feel a little more bullish overall. That does not mean we are completely out of the woods, but there are more and more people looking on the bright side.

I missed the Freeport McMoran (FCX) trade from a couple of days ago. I wanted it to pull back before I pulled the trigger and I think I missed it. I will keep my eye on it. There will probably be an opportunity to get in later. I always like to be out of a trade wishing I was in rather than being in a trade wishing I was out.

We'll make some more money this afternoon. Until next time, stay low risk..