Holding portions of Friday's and Monday's positions........this could be good if the PPI #'s tomorrow keep the bulls away. Friday...... http://www.charthub.com/images/2006/12/15/ES_317_VB Today...... http://www.charthub.com/images/2006/12/18/ES_317_VB
Dec. 19 (Bloomberg) -- Shares in Nikko Cordial Corp., Japan's third-largest securities firm, remain poised to fall by their daily limit after the nation's market watchdog yesterday charged the company made false earnings statements.
Yes.....I have been building a swing position from several position trades (as I usually do when I think an opportunity is present). I cycled these positions out from 1433.00 down to 1432.50 (just above a MP level I had), these have all been put back on at 1435.00. I had cycled the shorts off due to a good solid LONG signal I had brewing near todays lows (my LONG position trade entry was at 1432.75)..... http://www.charthub.com/images/2006/12/18/ES_317_VB_8.png I will bracket trade the PPI news (one of my trading methods) in the morning, and I will take into account what I am still holding short for my bracket trade ratios. The news reaction may make or break if I keep holding these through the day tomorrow.
My TF and TTF shorts are rocking! (Obviously I'm joking). Damn though...that's one sick beat down for a market.
well, the market ducked below the Pivot yesterday. a small correction is on the way. march07 ES: what to watch for today (tue Dec 19): 1. pivot at 1437.00 -- the market has opened below its pivot, i.e. the pivot became the first level of resistance. Trading below this pivot signals a bearish bias. 2. S1 at 1430.00 -- trading below it means the market has lost its support. i.e. a correction has begun.
Covered my SHORT's at 27's............ http://www.charthub.com/images/2006/12/19/ES_317_VB_2.png Put SHORT's back on here.......... http://www.charthub.com/images/2006/12/19/ES_317_VB_4.png and here......... http://www.charthub.com/images/2006/12/19/ES_317_VB_6.png I will just keep scaling them out and then back in as I get signals.
Flattened swing SHORT positions again and went LONG (we have over 20,000 ES contracts still LONG from 29.50 and below for the day)............ http://www.charthub.com/images/2006/12/19/ES_317_VB_8.png Will look for new signals to scale SHORT positions back in from 32's up to 35's.