Sunday, January 10, 2010

Today's Trading Recap: 01/08/10

HOW OUR DAY WENT:

The lower open on the Job's numbers was
reversed from 1132.00 (just 1 tick over our 1131.75-1131.25
support zone) and it set up a trade on the long side. The
ES rallied to 1138.50 (a direct hit at the 1138.50-1139.00
resistance zone) and pulled back to the 1136.00 updated
support and based out. With less than 30 minutes left the
ES took out 1138.50 and that gave us the run up to our 1141-
1143 key zone just before the close. Volatility is surely
back, start the week with our group as next week should be
full of opportunity!

Good Trading,
Mike Reed
TradeStalker.com

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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)

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