Market Update: 2:13pm

Published: Thu, 08/06/09

Very slow day after a great first 3 days, but seeing a slow roll over today  nad experiance keeping me mostly on the sidelines as the markets pull back, I continue to watch relative strength and quality stocks that have pulled back to strong support areas.
 
MSFT probably a safer bet to take it off here and wait for  a move back above 24.25 for a great trade
 
Started a position in PG today and VZ on pull back both to the rising trend lines, PG continued to sell off, but because i scaled in Small i am preapred to buy some more when it starts to base
 
Not headged yet, but worth looking at the SDS or other pro share short etf
 
\I am Short GOOG
 
 
 Other positions in the portfolio I am managing day by day
 
Took FWLT and C off this morning
 
 
DTRS