Today's Trading Recap: 03/05/10

HOW OUR DAY WENT:

The ES gapped up 7 points and after a
quick pullback to 1126 reversed, the breakout of the 3
day range held and that brought in more buying and it ran
up to 1134.75. We found support at 1132.50 and that held
all afternoon. Just after 2:40pm the ES broke over the
1135 high and tacked on almost 4 more points. An instant
message warned of resistance at 1138 on a bounce, and
that was rejected just before the close. The break-out
was a surprise, but we adapted intraday. Now, will this
continue or not? Join now and be ready to go get em
on Monday.

Good Trading,
Mike Reed
TradeStalker.com

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This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)