Thursday, November 20, 2008

Close Call

It's far from over but the 774 stop was missed by a tick in the mini and a half point in the pit. I want to just mention that while the SP was closing in on the stop price suggested, the dow and NQ were just hitting theire respective buy zones. If we hold we may have more long day trade signals with tighter identifiable stops.


Also, Dec crude did go back through 50.20 to 49.76, but if you want to trade the mini crude you have to move to Jan. The corresponding level in Jan Crude is 50.50. Same 2.00 stop with a 54.80 initial target in Jan.


There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results