Today's Trading Recap: 03/03/10

HOW OUR DAY WENT:

The early strength was sold, and then
the first pullback held just over Tuesday's close and
turned back up. After reaching 1125, a 123 top formed and
the group was told to short. Then when 1123 broke, the ES
went to the 1120.50 updated support. The pressure was still
on under 1123.00, and after twice rejecting 1122.75, the
ES rolled over and fell to 1115.50. We were staying with
shorts down to 1115, but per instant message we locked
in profits on day trades around 1116 and stepped aside.

Good Trading,
Mike Reed
TradeStalker.com

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