The Nasdaq and S&P 500 managed to end the day near unchanged today while the Dow contained its losses to 56 points. That Dow loss was impressive given that Merck accounted for around 70 negative points on its own. I’ll still be focusing on the S&P’s 200-day moving average to see if it can climb back over it
On another note, here’s another stock that got away. I covered my short in ERES only to have it get slammed by 21% today. I’ve got to stop bailing out of these positions prematurely and just let the market take me out by hitting my stop. Argh!
