Today's Ideas:
    for afternoon of Fri. Jan. 25, 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 were able to get only 2 trade signals today, and we took it. We bought OIH (long), and had a tight stop, as it wasn't the strongest of signals. We booked a small profit not too long after, and it appears to have been the best choice, as OIH is significantly lower now. Our better trade was to add to our long term Sugar trade. As we type, Sugar (March futures) is up over 4.5% today.  Be sure to take note of our revised average cost on the position. We'll continue to look for opportunities to add.

    For the rest of the day, we might be able to get a but signal in SRS (equal to short IYR). We'll most likely refrain from weak signals to enter the stock indexes, as the week is winding down. This week was good to out P+L, and our equity is still hovering at all time highs. Next week promises to have a few good setups, so today is not the day to waste capital. Look to our recent instruments and the SRS for some of the better setups. Our fundamental view of the economy remains unchanged, even after all of the "manipulation attempts" this week by our leaders. As we discussed on our ticker, we can't let opinion of different time frames keep us from taking signals as they trigger. Try not to let news of any sort affect what your system tells you to do. After all, it's not the system (edge) that is hard to develop, it's following your discipline that holds the riches. We expect the rest of the day to have few, if any trades. Keep an eye on the ticker, however, and we'll notify if we do anything.

    Position update as of 1:00 pm:

    Day traded OIH from the long side (small winner)

    Long 3 units SB (Sugar avg. price .11008)

    For previous posts visit the archives.



    This site is for instructional purposes only, and is not to be construed as investment advice. | Disclaimer | Contact Us | ©2007-2008 All rights reserved.