Another Higher Open Gets Sold
One trading strategy that has worked well so far in 2012 is to short a big gap-up open. This is the fourth time the bulls were quickly shot down after a big start. On the other hand, buying a gap-down open has also worked well, as the dip-buyers have been steady -- but that is not today's business.
Economic reports are the obvious culprit this morning. The Case-Shiller housing numbers were weaker than expected, as were both the Chicago PMI and consumer confidence reports....142 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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