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.

QM Short Triggered

We are short 3 @ 73.600

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

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.