Archive for October 14th, 2007

EOD S&P – Monday trading

The S&P EOD system is printing a sell to a limit of 1546.9 which is quite far away from it's current level of 1564. The market has been rather strong and I don't feel quite comfortable taking this trade so I'll sit on the sidelines and see what happens. I'll be gutted if it does make it but it's about Risk/Reward. For those interested, sell at around 1564 with a limit of 1546.9 and a stop loss of 1601.

October 14, 2007 No Comments Full Story

Fridays’ S&P chart – 12th October

Fridays' S&P chart - 12th October

Sorry about the late one on this..  Here's Friday's chart Nothing happened except that the market ranged between 156750 and 157250. Muggins here expected some movement so I bought hoping to see a break above the range to find it failed. Then I sold hoping it would fall to 156500.

October 14, 2007 No Comments Full Story