Trading & Cooking or Cooking & Trading?

It is hard to say which one comes first. As a trader, I don’t have much time to cook breakfast, but as a Mom, I can’t say NO when kids ask me to make pancakes.

So, here I am, at the kitchen, with the spatula and laptop:

The market seem to realize that there is something more important than Goldman Sachs Group Inc. profit – rising inflation and unemployment rate, slowing economy and falling consumer confidence also count for something. Up to the end of today’s trading session I was torn between taking profit on DOG now and waiting for Thursday’s economic data. Finally, the latter won, and I might have another nerve wreaking day tomorrow.

As you can see from the chart, the DOW is very close to its 3-yr support line. Yet, since I believe that we have entered into the Bear Market (check my “Are we in the 5th Elliot wave of Bear Market?” post.), I expect DJIA to break it. My main concern is, however, that I have to close all my positions by the end of this week, as we are flying to Europe for a two-and-a-half week vacation on Monday.

Would we see that major breakthrough tomorrow?