"Regardless if your trading goal is to generate daily cash flow or long term wealth building you have come to the right place. My site is dedicated to providing quality futures trading signals and education. My proprietary trading system for futures trading, identify short and medium term bursts of volatility in trading instruments which have a high likelihood of a profitable return." ... to learn more about my system watch the video below … Bill (Founder and President)
Wednesday, May 27, 2009
We got squished
We got an big short squeeze right out of the gates yesterday that frankly caught everyone including my wiseguy friends by surprise. If you look at he S&P chart directly to my left on the blog we have been trading sideways for a few days now as the 200SMA slopes down closer and closer. Bottom line is something has to give. We will punch up and away to a new rally or crash and burn downwards. In any case yesterdays action really put the kibosh on some patterns that were setting up so there are no new trades for today. Good Luck.