Wednesday, May 27, 2009

Wed. 05/27/09 - Chop chop, break!

No trades today as I was busy in downtown with paperwork for the new job and didn't get back home till after market close. Doesn't look like I missed much; the morning was a chopfest. I mark up the charts even on days I don't trade in order to further my education, and to keep up with the most recent price action, so here's my marked up 5-min chart:

ES (5-Min)

Lot of econ news out tomorrow. Durable Goods Orders and Jobless Claims at 7:30 AM (central), New Home Sales at 9:00 AM.

ES (Daily) - Bears can't get overly excited based on today's action since price simply pulled back to yesterday's 50% level. I'm sticking with Bullish bias until I see a CLOSE below 875 on the Daily chart.

1 comment:

  1. New Job? Holy crap man! Congrats!

    I've been trying to get online but I upgrade to vista sp2 this week and its wreaked havoc on yahoo im.


At the minimum, please provide your name or Twitter handle when posting comments. Do not post as Anonymous. Comments that contain links to commercial websites will be marked as spam.