Today's Trading Recap: 03/19/10

HOW OUR DAY WENT:

Last might members were told "if there is
early strength it would be a gift for an entry on the short
side." The ES gapped up on the open, then reversed from 1165.00
(right at the 1165.25-1165.50 zone) and headed lower. That gap
open at resistance was a great reward/ risk entry on the short
side, and then after breaking the key 1158.00-1157.50 support,
that turned into resistance on a bounce. From there it was
trend down as the ES reached 1152.00 around 11:15am. That was
just 2 ticks over the 1151.50-1151.00 support. We had a very
good morning and called it a day.

Good Trading,
Mike Reed
TradeStalker.com