Today's Trading Recap: 01/21/10

HOW OUR DAY WENT:

The ES popped up and then reversed from
the 1136.75-1137.50 resistance in the first 30 minutes, then
dropped fast to the 1119.50-1118.50 support and there was
a small bounce. It stopped at 1122.50 which was updated
via instant message, and then an 11 point drop to 1111.50
followed. After a bounce, a new low was made at 1110.75 and
then a bounce to the 1119.50 resistance failed. A drop of
7.75 points to 1111.75 occurred before there was a bounce,
but no stick-em as the market closed poorly.

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)