Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
US Futures Continue Climb After UBS Posts $18B Loss
March 11th, 2009
Good morning traders! I hope everyone got some sleep last night after that huge rally yesterday of over 6%. I know I was very busy yesterday keeping track of my profits to make sure they didn’t disappear on me. First and foremost, if you didn’t watch the TRADING VIDEO from last night I suggest you do that this morning.
As for the markets this morning, the futures are posting pretty healthy gains as of this writing – up nearly 1% already. Granted, a move like we had yesterday is not something I think we can do again today but the continued rally is a pretty good indicator of re-newed bullish energy in the markets. I will note that the news from UBS and the news about BAC and C bondholders is not great for the financials and will likely lead to some pessimism in the market today. Regardless, I have already updated my stops to lock in some profits in just one day. As always, here are the S&P support and resistance targets for you today.
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Today's Live Market Quotes & Charts
| NASDAQ | 2904.08 | ||||
| S&P 500 | 1347.05 | ||||
| ^TNX | 1.97 | ||||
| ^XAU | 199.29 | ||||
| ^XOI | 1318.98 | ||||
| BGU | 75.96 | ||||
| UUP | 21.89 | ||||
| FAZ | 26.29 | ||||
| XLB | 37.63 | ||||
| BGZ | 23.36 | ||||
| ERY | 9.34 | ||||
| EEV | 25.61 | ||||
| DIG | 49.76 | ||||
| FXP | 22.92 | ||||
| GDX | 55.88 |
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