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Previous Intraday Trading Session: [ 3/19/2013 ]

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TIMEALERTS 
15:18Trade #3 -- Sluggers stopped out at 1539 [0]

 
14:56Trade #3 -- Sclapers out at 1537 [+2]

 
14:42Looking at 1534 as a target for Sluggers.

 
14:31In @ 1539

 
14:27Trade #3 -- Sell 1539 -- Stop 1541

 
14:02The pennant didn't quite form. Now we have what looks like an upward channel. I would be watching for a move down to the bottom of the channel, then a move up to the top. That is where a short position could be taken.

 
13:57Looks like a Pennant forming. That would most likely lead to another leg down.

 
13:36We are going to get a move back up here.

 
13:35Trade #2 -- Stopped out at 1534.50 [-2]

 
13:23Stop should be at 1534.50

 
13:21In @ 1532.50

 
13:20Trade #2 -- sell now

 
13:19Trade #2 -- Sell at 1537 -- Stop at 1539
Wait for 1537

 
12:12If those candles at 1547 had formed just a little bit differently I would have shorted. :-(

 
11:04If it starts another leg down, then 1539 is possible.

 
11:03I did not like the way things were going. Could go lower now.

 
11:02Trade #1 -- Stopped out at 1544 [0]

 
11:00Raise stops to 1544

 
10:56In @ 1544

 
10:53Trade #1 -- Buy 1544 -- Stop 1543
Wait for the pull-back to 1544

 
10:51Now we might get a bounce. Be ready to go long.

 
10:43>> see chart.

 
10:27Watch the bottom red line to see if we get a bounce up.
>> see chart.

 
09:35Housing Starts Rise, Permits at Four-and-Half Year High

Groundbreaking to build new homes rose in February and new permits for construction rose to the highest level since 2008, a sign the nation's housing market recovery is gathering steam.

 
09:11Good morning!

 
 
 
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