Monday, August 9, 2010

Trading Recap for Monday August 9th...

.The market overall had anemic volume and narrow range. Overall poor market conditions. Resistance in the SP futures was at the prior weeks highs at the 1126-1127 level. Early scalps in HPQ long worked well early on the overnight weakness on news.

V and RIMM were the positive Barron's story trades that worked well also. They trended up most of the day.

BP provided a nice relative weakness trade mid as it filled .50c to the unchanged level and then went negative another .40c.

Considering the poor market conditions we still managed to find goo high quality trades overall.

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