Trading Notes: SPX, on Friday, closed 116 points higher off of Thursdays lows. That is a wild swing following the back and forth in equities following the Wednesday's reaction to the FOMC Statement. To say the least, the last three days of trading has be remarkably difficult for swing traders. But now the bulls, with
I closed SPXU at 34.93 for -0.99%
New Long setup: SPXU I BOUGHT SPXU at: 35.28 My stop-loss: 34.63 My target Price: 37.42 Risk Rating: 4.8
I closed SDS at 26.26 for -3.3%.
Trading Notes: With AAPL buying back $110B of its shares, coupled with a significant miss on the employment number, the market is rallying hard and fast this morning. That will more than likely take me out of my SDS trade. At this point here, depending on how the market digests the first 30-minutes to an
New long setup: SDS I BOUGHT SDS at 27.29 My stop-loss: 26.26 My target price: 29.59 Risk Rating: 4.4
Trading Notes: FOMC Day was a wild one, and price fluctuated in the last 1.5 hours in ways you don't often see, with a +75 point run up, followed by a -80 point sell-off. This creates a lot of uncertainty here going forward about who is in control, especially when you see that the bulls
I closed out SDS at 26.82 for a +1% profit. Too much buying to hold here. Rather let this play out and re-evaluate the trade setups from here. Ticks are over +1400