Tuesday, January 20, 2009

Tuesday 01/20/2009 - Inauguration Day

Yesterday was a company holiday in observance of MLK day; so today was the first business day of the week, which is typically filled with too many meetings so I usually stay out of trades. Today was also the inauguration of Barack Obama as the President of the Unitest States; definitely a historic day! So no trades on this end but I'll post a couple of charts. The TICK and VIX provided clear market direction today with the TICK spending most of the day below zero, and the VIX spending most of the day trending higher, and remaining above its first hour high. My Trading Rules would also have kept me out of trouble today.

TICK/VIX Chart (5-min)

Market Balance (5-min)

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