Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Paper Profits Turned Into Real Profits
March 13th, 2009
The markets are really battling this morning as I had mentioned they would this morning and last night. We all know a market this fundamentally sick is going to have a tough time moving higher. As far as my longs from this morning, most of them hit our tight stops around lunch time while a couple of others are still working their way higher. While I would have been pleased to see some more profits today, I really cannot complain with over 40% returns in a just 4 days! So, as of this moment I am again hedge for both directions with a fairly even split of shorts and longs.
For this market to move higher over the next couple of days, I think we need to re-test the area in blue below. Once we get down there, we should have a pretty good base for the next move higher. Of course if we break that level, down we go again.
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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 | 1102.97 | ||||
| CMD | 59.91 | ||||
| IWB | 71.81 | ||||
| SDS | 17.57 | ||||
| ERY | 13.31 | ||||
| DOG | 37.64 | ||||
| DIG | 37.49 | ||||
| XLE | 63.94 | ||||
| IWM | 74.69 | ||||
| URE | 56.72 | ||||
| XLF | 13.77 |
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