The Wrap 3/28/11

{+++} The market fizzled at around 3:30 today. There wasn’t any real reason other than a bomb threat at Apple Computer’s Sacramento facility. That seemed to start a little selling and then bids seemed to fail from that point.

All in, it was an extremely light volume today. Traders seemed a bit gun shy, and many, including me I think, have a sense of curiosity as to why we are where we are. I took some profits today, because that’s what we try to do, monetize stocks and treat trading like a business.

Nothing new to report tonight, but please check the P&L as we were active today and I have adjusted stops accordingly.


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