Most likely a continuation of the downtrend as i see no signs of a bottom yet. Lots of tradeable ideas out there both long and short. It really is a tale of two markets, where the commodity stocks are ripping like it's 1999 and the financials are dying like it's 1929. I booked over $3000 today day trading IPI long and XL short. I was up a little more earlier in the day but i over traded a little and lost a little composure and discipline. Still happy with the daily performance all in all. IPI and XL were both sweet movers and hoping for more aggressive moves going forward.
Good trading guys.
