Today's IB balance is 59080. Made 180 by trading slightly on drys, dsx, gnk, aapl and cf. GLD and SLV drop a lot for unknown reason. Maybe because of expectation that bailout plan will revive. The market rebound from yesterday's loss for the same reason. Made up more than half of yesterday's record loss.
BDI droped another 287 or 8% to 3217. Shipping stocks up a lot because of market condition. Tomorrow follow BDI closely and get ready to dive in.
Also need to follow GLD SLV closely. Find out relation btw GLD and bailout plan.
Tomorrow may determine the fate of bailout plan. I have feeling that it will get passed enventually.
I'm trying to figure out what sector is best candidate for a rebound in near future. So far I can think is AG(agricultra) chemistry companies like CF, AUG, MON etc. Shipping stocks should be good candidate too since some have longer contract and emune from spot BDI, like DSX and GNK.
