Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
More Profits For The Bearz And Pain For The Bullz
April 7th, 2009
Snooze! What a pretty boring day to say the least. Granted the markets closed down almost 2.5% and most of members shorts were down another 2-5% on top of some great moves yesterday. All in all things are shaping up nicely once again for the bearz. Of course I’ll do another video early tonight. But for now I just wanted to show you a chart of where we found support today. If you had checked my post this morning, I said that we would find support short term between 815 and 810 – and low and behold we closed exactly at 815. If you notice from the chart below, the green area is my support target…at least it was for today and will not be for tomorrow. I think that the late and quick sell off we had during the last 15 mins of the session today signals more downside to come. After we re-traced back to the trendline around 820 we quickly moved away. See you tonight bearz.
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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 | ||||
| FAS | 89.50 | ||||
| FAZ | 26.29 | ||||
| UDN | 27.48 | ||||
| XLF | 14.66 | ||||
| USO | 37.95 | ||||
| BGZ | 23.36 | ||||
| SKF | 47.19 | ||||
| EDZ | 12.62 | ||||
| OIH | 130.56 | ||||
| XLE | 74.02 |
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