Thursday, February 4, 2010

Out of My Daytrade

There are real fears of sovereign debt.  It will make investors hesistant to stay long on overnight trades.  I have closed my short and have no strong feeling about the nonfarm payrolls report.  If we sell off more tomorrow down to the low 1050s, I will be looking to buy.  If we get a bump higher on the NFP, I will look to short around 1068.

2 comments:

Petsamo said...

Guys, Take a look at dseven's trendlines:
http://www.freetradingvideos.com/vlog/default.asp?category=1
It suggests that we keep dropping regardless of what the NFP numbers are. A caution: Keep a sharp eye on the markets. The forecasted market direction are not always accurate. Furthermore, dseven "updates" his trendlines as he needs to - after the fact.

Anonymous said...

Low 50's - Here we are.
1053.25 - 1053.50 at the time of writing.
Unbelievable.