Big Day

Today has certainly been a nice one across the markets, but I’m not jumping back in full throttle yet.  In fact, I don’t plan to open any new positions until we can see if this is anything other than a dead cat bounce and a short covering rally.  Obviously many traders were short on a lot of different equities, so I’m sure the size of this rally has been fueled by traders cutting their losses or taking profits from earlier positions.

I’m still fairly heavily invested, but do have some room to add to my holdings if the right opportunity comes along.  I only have one month to go on my current employment contract and had a second interview today at a new company that could be a great opportunity.  If/when that closes I think I’ll be in the mood to trade a little more aggresively again.