Thursday, July 16, 2009

Good shot

Good shot we head toward that 914 area where the gap is present. High probability play but I wont be playing, busy with some other stuff today.

BINGO!!

OUT +5 Points-

Sweet and easy just the way we like it

What I am looking at

Looking at 925.50 to take off profit. Some support down 924 area so I hope we get close, below 924 area we looking at 920.75

We will see soon enough.

MARKETJEDI

Short again

930.50 S&P

Thoughts

Well folks we are getting our usual earnings run here. Most of you know we get this ever quarter but this time we got an early boosting from the GS earnings. From here I do except us to get the final push up, I have been talking about to fulfill the pattern on the charts.
Very important to note we have two gaps left below on the ES Futures at 914 and 910, which I expect to get filled before we go much higher (reason I was ok with my short play yesterday evening).
The model for today should be for consolidation so I do not expect too much action.


MARKETJEDI

Interesting read

http://finance.yahoo.com/news/Nine-Reasons-the-Economy-is-usnews-1021116601.html?x=0&.v=1

Wednesday, July 15, 2009

Closing trade

Closing this ES trade here in the overnight session +2 right here, since I am 3 times normal size on it.
Bingo!!