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Totally agree with you there. I dont like the price action or volume today, one pullback and I'm out of this. If there is one.

If it doesnt feel comfortable, always nice to cover for a gain!! I'm going to hold and see if they can retrace some of the opening gap.

Looking to cover @ 1313.

I'm in short as well. Looking for any pullback to cover this.

I have a short bias and only look for short set ups with ES. And yes I caught 5 points but diasppointed with the fact I got in so high (1321.50) and it fell so low(1307.25). I can't complain though. I had a feeling you were on to something when you called that bearish divergance this...

I kept watching you get stopped @ 1319 area, I was in in 2 points higher, got out at 1316.50, which I didnt realize was a support. Oh well, I thought maybe you had caught that run. At least the Vix is starting to rise.

10 yr note kept ticking up and up (5.14%), and then equities finally broke out of their tight channel, thanks to Bernanke comments. Congrats to anyone that was able to hold short long enough to catch that 12 point down run.

Nice read there. First few days of every month buying took place this morning, but couldnt make new his, at least not yet.

Over generalizing is always dangerous. It wasn't too long go that african americans were considered 3/5 of a person. I wont be booking my flight to Mexico anytime soon. Have a good weekend.

porgie, I dont think he claims to know where any bar is going to end up. He does have a postional short that he looks to add when prices get over extended. Now he has made some calls in the face of serious heat to the upside that have been unreal. I mean I was blown away by some of his...

Unreal shorted 1308.25 after the Bernanke blast. That was a crazy scalp. That type of movement is highly tradable though. Just another example of how News (good or bad) can change the day. As a rule i never short 2 levels of support, its just too easy to get squeezed. Especially on a gap down.

vhehn, i swear i got the same exact cat but male. She must be a good luck cat like mine. Anyway good trading!

We will just buy Echo. That will force them to charge to .0075 per share. LoL Bright trading haha , the worst firm in overcharging traders. ha ha don wake up. You got so many competitors eating your firm!! EX- Don Bright clones chime in any time!! Got to admit its a beautiful profit...

Waiting for the Beige book @ 2:00. Looking for an entry after the market has interperted what they have to say. They tend to be in lock down mode before rate hikes/drops, fomc minutes, and beige book.

Sounds like your positioned nicely there. What type of break down are you looking to see. Retrace back thru 1250 over the summer time months.

B1S2, I look for only short set ups on the eminis (ES) and this looks like a nice one. The higher it gets the more comfortable I feel. Now if they are able to penetrate it again and finish above then I'll pause and wait to see how far they can run it before I short. We are nearing all...

The third failure around the 1324 area. First time 1324-1286, 2nd time 1324.75-1311.75, and today 1324-1312. Hard day today because they stayed in such a tight range for so long. Selling came in @ 2:00 when oil showed that it wasnt going to break 75. Next week should shape up nicely. Have a...

sell 2, wow, nice entry there. Buy programs took this past the hi on 4/7 when they ran it up premarket on the employment numbers. Hi of 1324, 4/7. Options madness on steroids.

B1S2, I follow technicals as well, but I use the SPY price action to help me. The 50 day was 128.88, so when they spiked over this I wanted to know why. I want confirmation of why I almost got taken out of a position. Anyway I read this journal everyday because I also trade the ES and find...

Markets ran up on the killing of a top Al Qaida bomb maker. Is this fadable, it almost always is. Remember the rally after catching Saddam, it was very shortable. Markets normally tend to over do it. I remember in 2003 and 2004 how TTN would always report about how they killed Bin Laden...