10/03/10



Was calling for fresh year highs on: 1) XLE, XLF (strongest), XLB (2nd weakest) posting higher high; 2) $add strng & pointing higher: 2) internals in favor ($tick: 5t<-800 vs 12t>+800 w/ 4t>+1k; $add: +700 w/ SP500: +0.25% at the moment of entry). But ES have stalled at the distance of near 2 ticks from january 10' highs level. It was real bulls/bears struggle w/ sellers become winners. ES finally break below VWAP & the trade met stop loss order. Overall, the week have already pasted its halfway point, but Im continuing to loose lots of opportunities as well as couple of a percents.

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