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    Today's Ideas:
    for afternoon of Thurs. Jan. 24, 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.

    New Update :

      We had a "weak buy" signal in the NQ futures this morning, and took advantage. It was difficult to have much conviction, so we exited with a 9 pt. profit not much later. Looking ahead, we're prepared to trade either direction in the stock indexes, but with shortened holding times. Bonds are still on our list of potential shorts, but no signal there, either. All in all, a very quiet day with much lower volatility. We're satisfied pulling out the "easier money", and letting others fight and risk unnecessarily. Pay attention to our ticker tomorrow, as we might have different vehicles that signal. Sugar is again becoming and "add" candidate.

    The stimulus plan out of Washington is a joke. This is just an opinion, and will not affect our trade setups in any circumstance. It's necessary (and sometimes difficult) to distinguish between what is important and what isn't. In almost all instances, it's best to stick to a solid plan and ignore "manipulators". It is our thought that our financial markets are in very dire straights in 2008, but that doesn't stop us from trading the long side as we did today. Don't believe the hype!.

    Position update as of 2:39 pm:

    Day traded NQ from the long side (plus 9 pts.)

    Long 2 units SB (Sugar avg. price .10701)

    For previous posts visit the archives.

     

     

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