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Previous Intraday Trading Session: [ 4/17/2013 ]

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TIMEALERTS 
15:50Trade #6 -- Sluggers stopped out at 1548.50 [+0]

 
15:39Sluggers should lower stops to 1458.50

 
15:38Got alittle support on one of the trend lines, but that should fail.

 
15:34Target 1540 for Sluggers.

 
15:33Trade #6 -- Scalpers out @ 1546.50 [+2]

 
15:30More indicators pointing to a move down.

 
15:295, 10 and 15 minute charts are all showing a move down.

 
15:26Target is 1541

 
15:25In @ 1548.50

 
15:23Trade #6 -- Sell 1548.50 -- Stop 1550.50

 
15:21A return to 1550 is a short.

 
15:19Chart update -- megaphone = coming drop.

 
15:16Trade #5 -- Stopped out 1549 [-1.5]

 
15:13Trade #5 -- Sell 1547.5 -- Stop 1549

 
15:06Could go to 1549. I would short there if we get any type of reversal signal.

 
14:471-minute chart suggesting a move up to 1547

 
14:45Looking to short now on any small rally.

 
14:40Remember the pennant in the stock indices I pointed out. It broke to the upside, but did so too soon. A flase breakout. The indices are now in a upward channel indicating a move down. We may not get to 1550.

 
14:29Watching the 1550-1552 area for a short.

 
14:10See chart update

 
14:02I think we could see 1550 here. If so, we'll short in that area.

 
14:01Trade #5 -- CANCEL

 
13:57Trade #5 -- Sell 1548 -- Stop 1549.50

 
13:43See chart udpate

 
13:39Trade #4 -- Stopped out at 1546 [-2]

 
13:34Stock indices are in a pennant pattern on the 5 and 10 minute charts. This suggests another leg down.

 
13:29Big reversal signal on the /YM. Expecting selling to pick up this afternoon.

 
13:24In @ 1544

 
13:14I think we might be too late on this one.

 
13:13Trade #4 -- Sell 1544 -- Stop 1546. Wait for 1544.

 
13:02See chart. Waiting for the top of the bottom channel to be hit.

 
12:53We have to see signs of a reversal in the next 10 minutes or it is a failed reversal.

 
12:47Now we'll see if there is a small rally that we can then short. Honestly, things are looking far worse than I expected today.

 
12:46Trade #3 -- Everyone out at 1542 [+2]

 
12:44In @ 1540

 
12:42Scalpers and Sluggers should take a 2-point profit on this trade.

 
12:41Trade #3 -- Buy 1540 -- Stop 1538.50
Wait for 1540

 
12:33We are at the exact reversal time. Waiting for confirmation.

 
12:07CORRECTION -- Waiting for a move to around 1548

 
12:04Waiting for a move to around 1458

 
12:01Click the "Today's Chart" link.

 
12:00This could be quite a sell-off. Take a look at this daily chart of the Nasdaq.

 
11:51Indicators pointing in both directions. Waiting and watching.
Reversal at 1:00

 
11:27Second ricin letter sent to the senate.

 
11:25Senate office builing being evacuated due to suspicious package

 
11:23We'll wait for the next signal down.

 
11:21Trade #2 -- Sluggers stopped out at 1545 [-2]

 
11:18Current 5-minute candle is important. If it finishes up, we could see a rally of 5 points.
Sluggers, you may need to flip the trade.

 
11:12There are signs of a move back up here, but I don't think it will go too far before turning back down. Scalpers, there may be another trade coming for you.

 
11:10Sluggers -- we should take out Monday's low and then some. Current target is 1538.

 
11:09Trade #2 -- Scalpers out at 1451 [+2]

 
11:01Surprised at this sell off.

 
11:01This is completely a gut trade.

 
11:00Trade #2 -- Sell 1543 Stop 1545

 
10:35Trade #1 -- Stopped out at 1550 [-2]

 
10:29In @ 1552

 
10:27Trade #1 -- Buy 1552 -- Stop 1550

 
09:51It would be a nice setup if it returns to the top blue line around the time of the projected reversal.

 
09:16May short if the ES returns to the top blue line

 
09:14>> see chart

 
09:09Not nuch in the way of signals this morning. Slight tendancy to move lower today.
Possible reversal at 10:30

 
08:51Wednesday 17 2013

 
 
 
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