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Previous Intraday Trading Session: [ 4/30/2013 ]

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TIMEALERTS 
15:50Trade #4 -- Stopped out 1592 [-1]

 
15:49Lower stop to 1592

 
15:36Trade #4 -- Sell 1591

 
15:35Trade #4 -- Sell 1591

 
15:35I would short at 1591

 
15:34I would short at 1591

 
15:1015-minute chart signalling a move down.

 
14:22No real signal yet.

 
13:36Trade #3 -- Stopped out at 1590.50 [-0.50]
It was worth the try.

 
13:34This trade is based on just the chart pattern and the support we see at 1590.75

 
13:33Trade #3 -- Buy 1591 -- Stop 1590.50

 
13:26Market moving sideways. That usually means the previous trend will continue. So, we may get back up to the top blue line. Maybe 1600. You know how the markets are when it comes to the psychologic numbers.

 
13:07Nope.

 
13:05And this could be the revesal candle down.

 
13:00Chart update. Did you see the reversal candle? I highlighted it in yellow. Was hoping this would be one of the few times it didn't work-out.

 
12:57Trade #2 -- Stopped out at 1591.50 [-2]

 
12:03Trade #2 -- Sell 1589.50

 
12:02Get ready

 
11:15Get ready to short.

 
11:0778.85 retracement from the low today.

 
10:50Reversal are usually worth 3 to 5 points.

 
10:47Reversal worked nicely. See chart.

 
10:45Trade #1 -- Everyone out at 1585.25 [+2]

 
10:26Market stalled. Wating for BO.

 
10:25Chart update

 
10:22Everyone should take a 2-point profit on this trade. We are shooting for 1585.25

 
10:18BO will speak in 15 minutes. This is the 100th day of his second term.

 
10:15In at 1583.25

 
10:14Trade #1 -- Buy 1583

 
10:13This could be the reversal I mentioned a little while back. I think it is temporary but worth 2 points.

 
10:12Trade from yesterday -- Sluggers out at 1583 [+7]

 
10:11Sluggers -- Take 1583

 
10:09Got some really long tail candles = reversal up.

 
10:081582 is putting up resistance.

 
10:02Sluggers -- Your stop should now be 1584

 
10:00Consumer Confidence higher than expected.

 
09:56BO to speak this morning.

 
09:55Consumer Confidence in about 5 minutes.

 
09:55Sluggers -- Your stop should now be 1586

 
09:51ES just entered a reversal area. Could move back up to the top blue line.

 
09:46Sluggers -- At 1584 lower stop to 1586

 
09:44Sluggers -- This could drop all day.

 
09:43Sluggers -- you have a 5 point profit at 1584. Try for 1583.

 
09:42We should see 1584 soon.

 
09:41Strong resistance at 1589

 
09:39We are at the top blue line of the downward channel. Looking for a reversal down.


 
09:32Chart update

 
09:29Could see a pop at the Open due to good housing numbers.

 
08:44Sluggers have a trade open from yesterday. I expect the markets to be down today. As published in this week's OSS INDICATORS, Monday and Tuesday are under a bearish influence. With yesterday being up, the chances for today being down are greatly enhanced.

 
06:55Sluggers should lower stop to 1589.50

 
 
 
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