Today's Ideas:
    for morning of Tues. Feb. 5, 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:

      Today we saw the markets (and our desired names) gap in our direction, without any position! Rather than chase, we waited for an oversold stochastic (intraday) and hopped on our first unit of SRS. We do want to have more SRS and also add SKF at some point over the next few hours/days. As always, use stops (which we've widened a bit b/c we had to get in at higher prices). We also would point out the topic of price vs. direction. Many technical analysts have a specific price to enter/exit. We like to keep these in mind, but the more important focus is on direction. We have our gameplan, and the markets are cooperating thus far, so let's hope we get follow through regardless of primaries and Senate's stimulus vote. We'll use these two news events as a potential to add to our winners.

     Good luck! 

    Position update as of 11:17 am:

    Long 1 unit SRS (avg. price $101.88)

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

    For previous posts visit the archives.



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