Emini Trading: Wall Street Rally Continues!!
The markets we’re up again today!! About 2 percent yesterday and another percentage point or so today! We broke down through some critical support levels, but quickly recovered and turned it around. That is definitely a bullish sign! Not sure how far up we go from here, but the talking heads believe this market has a lot of upside potential. Of course we have jobs reports tomorrow and that will be critical in this market right now! Read this article on cnbc.com: http://www.cnbc.com/id/40480108 More than 150K jobs are expected to have been added in November. Folks, we are still a long way out before we see the unemployment numbers drop significantly – but it appears we are heading in the right direction!
Day Trading has been decent the past couple days. Yesterday was a longer than normal day. We had a few losers, and a few winners. Went back and forth for a bit then we finally recovered and made about 6 ticks after commission about 2PM or so. I personally took a break about 11AM and came back after lunch. I love to day trade, but not during that 11 O’clock time! I was never down more than 2 – 3 points, in fact I think it was about a 2 1/2 point draw-down. But it was a bit choppy. The good news, again, we recovered, and made a full profit.
Today was a One and Done Emini Trading Day! Nice Pullback entry – easy fill, easy exit. “BooYa!,” as Jim Cramer would say!! After our trade, we saw a LOT of choppy price action and most of the day we we’re in No Zone. Watch today’s video to see why No Zone play such an important role in our day trading strategy!! It keeps us out of losing trades!! Today we had some great examples of that!
Be sure to get in touch if you have any questions whatsoever about our emini trading program and we will gladly answer!
Cheers!
ETS
David Marsh
edited: Dec 3, 2010 — We just added the video link below as we had some technical difficulties yesterday. Enjoy!
Emini Trading Results for 12/1 & 12/2/2010
