The market looked good at the open, but pulled back and became a boring, low volume day. The market is awaiting the Fed on Tuesday. All three stocks on the Watchlist triggered, one just barely (and with low volume). Let’s take a look at those:

PAL took  off early and looked like it was going to run hard. It offered a nice day trade.


This one also looked good early, but it quickly gave back all of its gains.


ATSI barely triggered (by $.01), and that’s all the higher it went. It broke out late and volume was too low. I will keep an eye on this one tomorrow.

As I mentioned last night, I will be taking a vacation this week. Because of the Fed meeting tomorrow, I likely won’t trade on Tuesday, and therefore, will start my vacation early.

The vacation comes at a good time, because I’m just plain sick of this market. Setups have been few and far between, and even trades that work can turn quickly. When I started this blog, I was coming off having my best month ever, which was February 2008. I thought I was on my way to becoming a trading millionaire, but things changed quickly. Since then, it’s been a challenge, but there have been some great trades, some painful losses and of course, churn. A nasty bear market will do that.

I probably wont be back with a new post until just before the first trading day of the New Year. So I wish you all a safe and happy holiday season. See you in ‘09.

Good luck and good trading!