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    Today's Ideas:
    for morning of Mon. Mar. 3, 2008

    IMPORTANT: Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  

    Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    Position Update: 

    Chart

      Today is an important day to stay focused. With the ISM # out at 10 am, we have a potential catalyst for the next several days. We're involved in a nicely profitable position and with larger size. We'll inform readers of our actions, as we'd expect there to be some sort of adjustments after 10 am. There are several potential setups, including but not limited to, adding more SRS, taking some profits in SRS, and even possible getting long some stocks. Although the long setup is unlikely, if we get as signal to get long, the trade probably won't last more than 2-3 days. Flexibility is the key, and we have no predisposition today. No matter what happens we are in a position to exploit the opportunity. Don't let weekend reading affect your trading decisions or the gameplan we created last week. The analysis that was used to get us into the good trades will be used to "trade out" of them as well. We certainly have opinions about stock indexes, the economy, etc. but they cannot interfere with actual trading, as they are mildly related at best. Stay tuned, and we'll inform readers of any actions, exactly when we take them!

    Position update as of 7:39 am:

    Long 4 units SRS (avg. price $103.969)

    Long 3 units SB (May contract avg. price .13119)

    Trading Accounts equity at new all time highs.

     

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