Thursday, February 04, 2010

Today's Trading Recap: 02/01/10

HOW OUR DAY WENT:

The ES broke and held the 1074.50-1075.25
initial resistance, which was needed to get a rally going.
The ES rallied to the 1084.00-1084.50 area, and that area
set up 4 quick shorting opportunities... a 5.00 point drop,
a 4.50 point drop, a 3.50 point drop and then a 2.25 point
drop before finally breaking out with 5 minutes left in
stock trading.

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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