Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
If You Blinked You Missed The 150 Point Sell-Off
April 22nd, 2009
Well well. That was great! I nearly walked away from my computers today thinking that we had another bull rally underway and low and behold the last hour of the trading day seemed to be just incredible for the bearz. Just looking at the chart below, clearly the bullz were in control today and FAZ looked like a falling rock. But, during the last hour – here in green – the bearz just took absolute control. We went from nearly a 1% gain to a 1% loss in a matter of mins.
After looking strong all day, OIL and the Financials seemed to have been the big culprits in today’s late day sell-off. Quickly glancing through our shorts, most of these are sporting a very clean shooting star pattern that brings tears to a technical trader’s eyes. From here the mantra is down to 7,800 or so before some support comes into play. Be back later tonight after a Coaching Session with a trading video. Way to go bearz!
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Today's Live Market Quotes & Charts
| NASDAQ | 2905.66 | ||||
| S&P 500 | 1344.90 | ||||
| ^TNX | 1.95 | ||||
| ^XAU | 200.34 | ||||
| ^XOI | 1295.01 | ||||
| UUP | 22.03 | ||||
| XLF | 14.73 | ||||
| URE | 60.68 | ||||
| TBT | 19.25 | ||||
| FAZ | 25.93 | ||||
| GLD | 167.64 | ||||
| XLE | 72.77 | ||||
| RWM | 26.27 | ||||
| GDX | 56.44 | ||||
| OIH | 129.44 |
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