Monday, September 14, 2009

Monday Log - Shoulder Day

Boring trading day today as I participated in the morning primary move and the afternoon small pop. Tried a few scalps mid-day but for the most part I'll call those a scratch with commish covered. Looking for only 1-2 points, I went long on both the morning move and afternoon move scaling out in the AM and taking it all off in PM as momentum was waned. Difficult day to watch and participate in as the moves were on the shoulders of the intraday chart. Result: +4.50

Looking forward to see how the market reacts in the 1050-1060 area as this was the drop off the shelf last October. There are some resistance areas as well as psyche levels to be aware of. Overnight session should provide so clues as well as the support levels and range today.

Trade Well !

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