ES Journal - 2012

[Laissez Faire]

Long 100 simulator cars at 36.

Stop at 34.

EDIT: Stop at 36,25.

 

[keeptradin']

Short @ 39.25.

 

[ammo]

cash

 

[trickshot]

Quote from trickshot:

L36, 2 pt stop. Looking for 43/44ish.

stop to +1

 

[ammo]

reduced

 

[trickshot]

Quote from ammo:

cash

Yes there is heavy res at SPX 34 area, its the lows on 6 march and the highs of several swings in 2011.

But its almost too obvious (an area to sell into), isn't it?

 

[Laissez Faire]

Quote from Laissez Faire:

Long 100 simulator cars at 36.

Stop at 34.

EDIT: Stop at 36,25.

Scratch at 36,50.

Fairly strong reversal there.

 

[trickshot]

Quote from trickshot:

stop to +1

flat 37

 

[keeptradin']

Quote from keeptradin':

Short @ 39.25.

Covered at 38.25, +1.

Market seems very jumpy right now, may be waiting for Merkel speech to decide which way to go.

 

[keeptradin']

Quote from Laissez Faire:

Scratch at 36,50.

Fairly strong reversal there.

Heehee...guess we're all confused right now.

I don't like being short at this level, and long worries me as well with the unfilled gap below.

Pretty low volume...best to be patient.