Stock market close 11.25.08

Dow	8,479.47	+36.08 (0.43%)
S&P 500	857.39	+5.58 (0.66%)
Nasdaq	1,464.73	-7.29 (-0.50%)

The market closed mixed but basically up 3 days in a row. It struggled today with most times being below the line. Check out the chart for the daily activity. I thought maybe in the last hour it would have a more dramatic upswing or downswing. Seems like the Obama activity seems to be calming the markets.

Is it time to jump back in? Possibly, but I am very defensive when it comes to my real money. I have to sit it out, even with the possibility of a New Year Rally.

With my fake money or stock market simulation account at UpDown.com I made a great move today. The rest of my sell triggers snapped today and now my account is all cash. The last 3 positions that sold off today was Citigroup, Fannie Mae, and Freddie Mac. Yes, these are companies I follow closely and so I try to short and long them in the market depending on what news comes out and the way the market will react to them. I know short term doesn’t look good and long term looks just a bit better.

Anyways, I broke into the top 10 in the November Contest they are holding. I am happy about that but there is still 2 more days left in the contest. I am not sure if I should play it safe and hope to stay in the top 10 or if I should aggresively rebuy tomorrow and hope my picks go up on the last day.