Today's Trading Recap: 11/24/09

HOW OUR DAY WENT:

We were shorting early strength on
Tuesday and the ES opened at 1105.50 (1105.50-1106.00 was
initial resistance) and then promptly fell 10.50 points to
1095.00 before turning back up. The 1095.25 level was the
3rd support level listed last night. The ES rallied to
1106.75, where it was sold pre-open, and members were
given the "top is in" alert. The moves were not going to
stick, and the ES dropped 4+ points to 1102.50 in the
last 15 minutes.

Good Trading,
Mike Reed
TradeStalker.com


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)