Two Trades Taken Today & The Market Intraday Checkup

05 January 2012

by Ryan Mallory

Two new trades I took this morning. The market is looking, as a whole, like it wants make a move higher, but that will in large part depend on whether it can break through the intraday channel that we've been stuck in since the beginning of the new year.

Long: MGICInvt Corpt (MTG)

ea39bf33762332990b89f61f.png (600×625)

Long: Target (TGT)

b42e31ebb7909634fe86be90.png (600×625)

S&P E-mini futures 5 min chart:

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