Today's Trading Recap: 12/16/09

HOW OUR DAY WENT:

The market was dull and narrowly traded
in front of the Fed release. There was an up-down-up type
of pattern after the release, and in an instant message
members were told:

(Dec 16-14:26) mike: a pop tp 1109.00-1100.50 tht [s]talls
is a short

The ES bounced off 1106.50 to 1109.25 and then stalled,
setting up a good short for the group. We locked in part
of the position at 1108.00, and then the target was at
1104.75 was met on the way to a 1103.00 low, right at the
1103.00-1102.50 support zone.

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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)