The Wrap 3/27/12

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Choppy day. The gains from yesterday needed to be digested. A massive follow through day would have been nice, but the bulls looked weak at the end.

I was long all day, it took a long time to build gains for me, but the S&P topped at around 3:20 PM and some profits were lost. Everyone seemed to be waiting for the last hour rip, and when it didn’t materialize, they got nervous and booked profits.

If you are following the P&L at home I haven’t really been selling. I think we tag higher for a spell.

See you in the morning.