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bounce,,

Lowered stop on ER2, currently at wed LOD, looking for bounce. Currently getting butt kicked.:D

long er2 735, stop 734, target 736.

long YM 11739, stop 11730, target 11750.

stopped out. -7pt

long ym 11754, stop 11747, target back to 11765 with trailing stop.

looking for long on 50% retrace on ym if it holds

Looking at YM "daily chart" shows 2B short setup, intraday shows possible setups for trendline breakout up. TICK and TRIN turned bullish. SOX under trendline. Time 11:21, volume drying. LOD hit 10:50.

In this journal I look to give my perspective on the markets in real time, analyzing the futures markets, market internals, and in play sectors and stocks. I might post longer holding time frame trades in real time with a target and stop loss price. (Most trades won't be held more than 15min...

$60. Today was a learning day. Only placed 2 trades. Working on trade setups.

h pattern, buy?

careful shorts.

It looks to me all the institutional money is in semi's, financials, but very little in Oil sector. THis XLE break is not moving the markets at all, where as 6 months ago, XLE would be trading in tandem with the dow.

YM being held down. I wouldn't go short. Possible short squeeze like we saw last week on ER2 when ER2 was being held down. Even if we break 11755, I'm not going short. Things don't look right for a short to me.

2pm, Oil sector breakout at HOD. YM and SOX choppy, setting on 200MA.

I don't use MP, but there is definetly a "ledge" there that anyone could see. For all ya'll trying to learn (like me,), there was a nice 1000tick fade at 1:45pm EST off of the 1:30pm selloff. A 30-90sec scalp opportunity. ER2 big bullish div. here at 1:56pm

SOX and YM near 200MA. AAPl yet to break 76.10 with follow through. Really not sure what direction, just noting support here at YM 11760.

MACD bottom at 9:35 on YM. SOX is currently bearish but volume lacks. NQ/ER2 neg diver. XLE near HOD and trendline underneath. Looking for what happens at 2pm in the oil sector.

ER2 had neg divergence during the whole trade, good thing I didn't go long that. GM & SMH gave me the heads up.

stopped out. 11779