Sunday, January 10, 2010

Today's Trading Recap: 01/07/10

HOW OUR DAY WENT:

The early weakness took the ES to the
1128 support and it quickly reversed setting up a trade for
a bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that on a dip,
keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave us a run back to test the high.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.


This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

No comments: