Great Trades

Monday, June 22, 2009

Biggest Down Day since April 20

The big move down today came as expected, with the Dow losing over 200 points, the Nasdaq losing over 60 and the S&P 500 losing over 28. It was the biggest one-day loss in the stock market since April 20, which happens to be the last time we called for a big down day on this blog.

Our automated trading system had another great day, as it was well prepared for the big down day, and also profited nicely from the bond and dollar rallies as well as the gold pullback.

We will continue to focus on expanding and testing our automated futures trading system, but will also continue to post on this blog periodically.

posted by GreatTrades  # 9:02 PM

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Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.