Wednesday, August 11, 2010
AM trading recap
Once again a gap down that breaks away. Opening down 18 handles in the SP futures, we traded lower lows with no filling to the upside. 2 days in a row this has happened. One we violated the 1098 level we were suggesting shorting the market and taking plays such as SDS long. This trade proved to be very profitable. Other trades that lead the market with high % arguments were found short financial's and basically long FAZ from 14.51. Very compelling day to trade given what the market told us.