Today's Trading Recap: 04/20/10

HOW OUR DAY WENT:

The gap up open was sold, then the first
pullback held just over the Monday high of 1196.50. After
tagging 1197.00 3 times, the market turned back up. The rally
stopped after a poke over 1204.50 resistance was rejected,
but the 1202 level was quickly reversed and a move up made a
double top at resistance. That gave a small pullback to
1202.00 support, and the futures closed at their highs while
stocks dropped into the close.

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Good Trading,
Mike Reed
TradeStalker.com


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)