ES Journal - 2012

[uptickk]

S 1307.5

EDIT - Target 1302.75

 

[JoshDance]

Friendly reminder philly fed in 12 mins

 

[uptickk]

Quote from JoshDance:

Friendly reminder philly fed in 12 mins

Philly Fed will determine the profitability or lack of on my trade (probably not the best strategy)

 

[tomahawk]

YM DT points to gap fill, most likely.

 

[tenthousandmen]

IMO... just be aware of the bearish flags from last night and this morning.

 

[JoshDance]

mixed data ... better than expected unemployment, worse than expected manufacturing... this is the market's opportunity to sell off if it really wants to given the philly fed news, but so far it hasn't..

edit: now TICKs below 0 for first time today

 

[Trvlwanderer]

L 04

tgt 7.25

stop 02

 

[uptickk]

A little resistance around yesterdays hi.

 

[tenthousandmen]

Quote from Trvlwanderer:

L 04

tgt 7.25

stop 02

Bit of a selloff... may not be that bad (-10 points more on the es?).

The MACD had a couple of wide flags last night and early this morning. Throughout yesterday, many data indicators were showing very big divergance between the highs (RSI, CMO, MFI). Lastly, price was rising more than what was implied by the buying (accu/dis).

 

[gmst]

Long 1304.5, target 1320+
Stop 1290 - will tighten it.