The market environment is more constructive than at 11:00AM as more pessimism has crept into the market as prices are holding - this sets up a bigger profit target and now a higher stop loss.
Raise the stop from 905 to 907 and raise the upside target to 915 from 912.
910.50 last
Wednesday, May 27, 2009
11:00AM - Bullish/Neutral Environment
Buy signal here risking 5 pts to make 5 pts in ES.
After 30 minutes, raise stop to only 3 pts risk.
After 60 minutes, raise stop to breakeven.
909 as I started typing, 907.50 last.
11:05AM EST
After 30 minutes, raise stop to only 3 pts risk.
After 60 minutes, raise stop to breakeven.
909 as I started typing, 907.50 last.
11:05AM EST
Tuesday, May 26, 2009
ES 911 High = Buy Signal at 906 on 5 pt pullback
Raise stop to breakeven after 15 minutes from entry.
OR, exit at 4pm.
OR, exit at 4pm.
11:35AM - No pullbacks of 5 pts in ES
Bullish Environment - no pullback yet to enter long after the 10:00AM Consumer Confidence #.
904.25 high, 902.5 last at 11:37AM
I still suggest buying at 5 pts off the high, risk 4 pts, target 7 pt profit.
ALSO - raise stop to breakeven after just 15 minutes (if there is an entry)
904.25 high, 902.5 last at 11:37AM
I still suggest buying at 5 pts off the high, risk 4 pts, target 7 pt profit.
ALSO - raise stop to breakeven after just 15 minutes (if there is an entry)
Bullish Environment = Buy 5 pt ES, or 50 pt YM pullbacks
At 10:30AM the environment is bullish after a strong consumer confidence reading of 54.9 vs 40.8.
The high in the ES is 902.50 and the YM 8423
Buy 5 pt pullbacks in ES at 897.50, risk 4 pts, target 7 pts profit.
Buy 50 pt pullbacks in YM at 8373, risk 40 pts, target 70 pts profit.
Tim
10:36AM.... new highs were just reached at 904.25 and YM 8436.... adjust accordingly
The high in the ES is 902.50 and the YM 8423
Buy 5 pt pullbacks in ES at 897.50, risk 4 pts, target 7 pts profit.
Buy 50 pt pullbacks in YM at 8373, risk 40 pts, target 70 pts profit.
Tim
10:36AM.... new highs were just reached at 904.25 and YM 8436.... adjust accordingly
Friday, May 22, 2009
BUY SP500 12:42PM
JUNE ES 890.50 LAST.
Targeting 895 within an hour. Exit at 895. Risk 887.
Raise stop after 30 minutes (at 1:15PM EST) to breakeven entry price.
Based on pattern: HCV_FV (my code to track the signal)
12:44PM now
Targeting 895 within an hour. Exit at 895. Risk 887.
Raise stop after 30 minutes (at 1:15PM EST) to breakeven entry price.
Based on pattern: HCV_FV (my code to track the signal)
12:44PM now
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