Wednesday, January 27, 2010
QM Stopped Out
We couldn't get the downside move in the after hour session like I had hoped for. We take our 3rd loss and a hit of $733.50 after commissions. We'll be back tomorrow to see if we can get back on track.
Crude Short Entry
Symbol: QM
Chart: 15m
Entry: Sell Stop @ 73.600
Stop: 74.050
Target 1: 72.875
Target 2: 72.275
Target 3: 71.275
Chart: 15m
Entry: Sell Stop @ 73.600
Stop: 74.050
Target 1: 72.875
Target 2: 72.275
Target 3: 71.275
Mid Morning Update
With the FOMC statement on the books for this afternoon the markets havn't shown any direction so its been SOH so far this morning. Nat Gas has continued its sell off so we will be keeping an eye on this for a possible short. Other than that we shall watch and wait.
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