This announcement was kind of strange. The news was quite good. With these numbers, I would have expected the market to rally at least 3 or 4 points. Instead, we only got 2 points of movement. I'm hearing that big time traders are staying on the sidelines due to uncertainty about how Obamacare will affect the economy. I mean really, consumer confidence is up 6.5 points over last month? How many people do you know who are more confident about the economy now that Obamacare has passed? I don't think many traders are buying it, and neither am I.
Anyway, enough on politics. I got in at good price and won a point after about two minutes. I got back in after a full correction, looking for a similar movement trade, but there wasn't much there. I got out after about a minute with 1/4 point. Overall I won 1.25 points, which I am very happy with on this trade.
