05/02/10



Another not bad session, in term of profit. First trade was opened at the very beginning of the ssn. I was calling for a decline on extremely bearish internals ($tick: 1t.>+400 & 3t.<-800; $add:-1.4k while SP500 was at zero). Fixed soon, cause volatility was extremely high, xlb & xlf (ytds laggards) were far above its ssn lows and i just don't so often open trades at the morning cause lack of internals statistic - it seemed to me too shaky.

Soon i reentered short on an issue of tremendously huge gap between ultra bearish internals and not huge SP500 decline so far that moment. Fixed very soon as declining pace shrank.

After an hour and a half since open bell i entered 3rd short. But i didnt met as excessive downside move, as i was calling for - mkt was even sloshing at one place for a while. I fixed and that was too early. Still, pretty nice total result for the past week: plus 11 ES points or almost 17% profit.

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ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial