Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Markets Tease Us With Brief Morning Rally
February 26th, 2009
Thought we were going to get a sustained rally today when we opened up nearly 120 points higher on the DOW. I guess that was just another brief test of intra-day resistance levels where the bullz again failed to come through strong. Still, I wasn’t that worried considering my shorts did great – again – and members and I had a long position that was up over 30% today even when the markets fell. I guess that just goes to show you that technical analysis is by far the best and most profitable way to trade and invest – period. I cannot even list the number of analyst who put buy ratings on companies that are off 60-80% in the last 6 months – there are just too many! So, I’ll stick to my charts while others read over 10-K’s and watch their portfolio’s dwindle by the day. In the trading video tonight I went over a bunch of new trading ideas, so check it out now. Happy Trading!
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Today's Live Market Quotes & Charts
| NASDAQ | 2778.79 | ||||
| S&P 500 | 1295.22 | ||||
| ^TNX | 1.70 | ||||
| ^XAU | 147.76 | ||||
| ^XOI | 1100.68 | ||||
| FAZ | 28.84 | ||||
| OIH | 35.35 | ||||
| DUG | 28.67 | ||||
| XLE | 63.73 | ||||
| BGU | 66.32 | ||||
| URE | 56.62 | ||||
| UDN | 26.68 | ||||
| SKF | 50.50 | ||||
| USO | 34.46 | ||||
| CMD | 59.91 |
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