Er2 Market Calls & Commentary

you said short at 682. did you double down at 689?

 

And if you took a haircut what kind of stops do you employ?

 

my first short at 682 was garbage...took at 3pts loss at 685.5 ( exactly where the er2 broke the 40ema). Now it's looks like i'm gonna have a second crappy trade. my stop loss for this one is 691.5( 1 point over the high of the day). oh well

 

pressure still on the russell. Will be waiting for 679.6 to short, Target: 676.00
however, IF the bulls decide to play tommorw then i'll be long around the 694.5, targeting 697.00 level


good luck and good trading to you all

 

http://www.russell.com/us/Indexes/US/Reconstitution/QA_Reconstitution.asp


Just wanted to remind everyone that the Russell Indexes are going to be reconstituted on Friday.


If anyone has experience trading on this day please share!

 

The weekly hammer on the candlestick predicted this price action. I still think we're off to 735-740 soon. Then probably a drop back to 680-ish

 

The hammer or the Fed, the chicken or the egg, never could work out which came first

 

I am short 722 n exit point is 718. Guess Bulls came back on a furry with a 26 pts gain

 

doesn't matter if this goes to 30 or more the russells mult year mega move is over and finsihed. i'll be scaling in long term shorts on any crazy move here and holding for ahuge drop to 550-600 in the fall

 

Well, the run up is done. It touched approx 735-740 as predicted and reversed. I don't think this thing is going up any further. Back to 700 in a week or so.

Shorting at this point and using 740-ish as a stop.