The market made a huge surge today on better than expected GDP numbers, which smashed expected numbers, and put fears of a recession on hold. Oil prices also fell, despite Hurricane Gustav threatening oil platforms in the Gulf. Volume was higher today, but still low due to the upcoming holiday.

There was one trigger from the Watchlist. Actually, I did not have it in the Watchlist for some reason, but meant to, and had posted the chart last for the last couple of nights. Buy point was 44.45. It offered a max daily gain of +3.19%.

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There was also continued movement in yesterdays trigger, FILN.

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Because tomorrow is a holiday, and likely to be a very low volume day, maybe the lowest of the year, I will not be looking for new trades (Although PLCE is still on the Watchlist). Most traders will probably be doing the same, or taking a half day. I for one am looking forward to saying goodbye to August. Not my best month in trading, but that’s to be expected in August. See you back here on Monday; have a good Labor Day!