It’s no wonder the markets don’t respond well to the Administration. Here’s an informative article:

http://www.greenfaucet.com/the-market/new-trading-tax-to-pay-for-universal-healthcare/58686

The main link:

http://www.govtrack.us/congress/billtext.xpd?bill=h111-676&version=ih&nid=t0%3Aih%3A173

I would advise that everyone contact your Representatives/Senators. You can find instructions to do so online in my previous post:

http://www.tradersteve.com/2009/02/it-looks-as-though-government-is-trying.html

I am finished for the day and flat with a gain of +726 USD. I scalped ES late last night while testing advanced order entry with Book Trader and before going to bed placed a limit order Sell at 754.75 with a stop near the pivot and a profit target of 744. My target was almost hit by the time I woke up. 10.75 point on the ES is a record single trade for me (can be seen by magenta dashed lines on chart). We continued the “waterfall” down below 730 in the premarket hours. It seems that I trade better asleep…:-)

Anyway, I was done for the day after the market open as I wanted to end the week and the month on a great day and not expose myself to a dicey market. I may trade some this afternoon in my paper account to further test IB TWS Book Trader’s features. I will also be researching Forex over the weekend and will be updating blog with any useful information.