Monday, January 25, 2010

YM Stopped Out

Well we couldn't get a move down in the over night session i just got stopped out by a few ticks with a touch of the 15m 50sma again.

Out @ 10175

Back at it tomorrow.  Tracker will be up to date soon.  Good night!

YM Target #1 Hit

Very nice move down at the close to hit our first target. 

We are out @ 10140

2nd target is @ 10105

Move your stop to breakeven @ 10175

Great start to the week.  Lets hope AAPL can push the market lower in the after hours.

YM Short Triggered

Well the 15m 50sma held and our sell stop was triggered.

We are short 3 @ 10175

YM Update

The dow and the rut are the laggers of the 4 with this move up in the last few bars.  We will work this trade a little while longer but if we continue up through the 15m 50sma then I will cancel it.

YM Short Entry

Symbol: YM
Chart: 15m
Entry: Sell Stop @ 10175
Stop: 10209
Target 1: 10140
Target 2: 10105
Target 3: 10048

Watching YM & ES

Shorts are setting up on both YM & ES 15m charts.  Keep an eye.

SOH

So far we have nothing doing.  I'm just seeing to much chop to jump in to anything.  Internals are not giving anything away so we might not have any plays until the afternoon.

Morning Update

Good morning everyone.  Well the market made a gap to the upside but so far we have seen no follow through so that can't be a good sign for the bulls.  Everything I'm watching is still in chop mode.  We shall see if we can get a trend going in something.  It looks like my data provider made some progress.  I have friday's update listed when I was out of the office but I'm still waiting for today's.  I'll post it up as soon as I get it.