Tuesday, January 26, 2010

TF Canceled

Market has moved higher so this order is off.

TF Entry Update

Moving sell stop up to 613.7

TF Short Entry

Symbol: TF
Chart: 30m
Entry: Sell Stop @ 613.0
Stop: 616.7
Target 1: 611.4
Target 2: 608.2
Target 3: 603.0

Watching the metals

Well we didn't get the setup or move lower in the markets.  I'm looking at gold and silver at the moment.  Silver is lagging this move up so we shall see if it sets up for a short.  Other than that its SOH for the time being.  Internals are flat and are not confirming any move to the upside.

Morning Update

I'm looking at a short play on the 30m of YM, ES, & TF.  The market looks set to push lower in the early going.  We got consumer confidence at 9am cst so keep an eye on that.  It's a reall shame we got taken out by a few ticks last night cause the big move down happened right after.  That's always the way it goes but or first job is to lock in profit and protect our capital.  So lets see if we can grab another chunk today.  And as always if I can get my guidance report I'll post it up.  Stay tuned.