Wednesday, February 6, 2008

MARKET WRAP

GOING TO MAKE TODAY A WRAP WITH TIME WINDING DOWN.

NOT A BAD DAY WITH AN END RESULT OF +15.25 S&P 500 POINTS.

MANY OF THE TRADES TODAY WERE A STRUGGLE AND WE TOOK QUITE A FEW SMALL GAINS AS THE MARKET COULD NOT MUSTER WHAT IT NEEDED ON SOME OF THE SET-UPS.

OF COURSE STRUGGLING WITH SMALL GAINS IS ALWAYS BETTER THAN SMALL LOSSES I AM SURE YOU WILL AGREE.

THE OPENING RANGE TRADES WERE EXTREMELY PROFITABLE TODAY AND IF I HAD BEEN POSTING DURING THE LAST OPENING RANGE BREAKDOWN, OUR RESULTS WOULD HAVE BEEN EVEN BETTER.

I SINCERELY HOPE MANY OF YOU GOT IN ON SOME OF THE ACTION TODAY AND I WILL POST THE SUPPORT AND RESISTANCE NUMBERS FOR TOMORROWS TRADING LATER TONIGHT.

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