Today's Trading Recap: 03/01/10

HOW OUR DAY WENT:

The market opened higher on Monday and
popped up to the 1110.50-1111.00 resistance zone. It was
a short and from 1111.00 the ES quickly dropped to 1107.25.
A rally to the 1114.50-1115.00 resistance stalled out shortly
after noon, and then the ES dropped to new support at the
1111.50-1111.00 area. That was a buy and a bounce took out
the 1115 resistance and quickly reversed. That "prairie dog"
set up a pullback to 1112.00 with 45 minutes left in stock
trading. That was new support and the market firmed to close
right in the 1114.50-1115.00 resistance zone.

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)