5% - 10% profit per day trading

it looks like the earlier spike was just to squeeze shorts before dropping

crap, missed the long. argh.

 

long 49.35

 

Long 48.18
Stop 48.05

 

equities putting downward pressure on oil. we could break through 49.00 if equities keep dropping

come on, bounce!!

 

equity markets BULL factors :
a) J.P. Morgan Chase beat analysts' earnings estimates shows strength of banking sector
b) smaller jobless claims

equity markets BEAR factors:
c) smaller than expected housing starts

 

also, the dow jones is forming a top at around 8100.

moved my stop to b/e

 

closed out 48.48

it's not retracing as fast as i want it to

 

new long 49.20 PT 49.40

 

i hope this is the quiet before the storm. i'm falling asleep...

 

we are at 49.60 which way from here is not clear
a) 50.0
b) 49.0