Pre-open 08-01-2006...

And August arrives, the final month of the summer doldrums. Markets are looking slighly weak this morning, but yesterday had some rallies, necessary to close the month unchanged. It will likely be a choppy month, depending of course, on the FED.

As for trades, I am in two positions and not looking to enter another. I will need to close the PWR trade before the close today because they will be reporting earnings before the open tomorrow. I never, NEVER, hold trades through earnings. Why not play slots? It is the same thing, a gamble. As for the PRNA, I'm still slightly worried, but willing to trust my method.

99 charts were returned yesterday, but not many stood out. So I am going to wait out today and possibly tomorrow before looking to initiate a new trade. Guess I could work...

For now,
Masterjaz out