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Forget your volume, tick, monkey bars, trendlines, flags, or whatever else you think you need. Just post your daily pivot points and trade off of them...
Anyhow have fun...
Market looking a little weak here, but that means nothing these days. A hero will ride in on a "rainbow" mule, (can't be a white horse anymore) and the world will be saved once again. Probably tomorrow so our fearless leaders can go home for Christmas proud of their accomplishments.
Off to the Philippines, but I will be trading over there and will keep throwing my 2 cents worth of wisdom in this journal....
Current Market Conditions:
Interday action was VERY good; My favorites CL, TF and the AAPL weaklies were very good to me today:
Oil had a nice run last night and is in a short right now, first target now being the pivot at 86.30 and then maybe yesterday's low of 85.81...we'll see
Have a great trading day. Mine will only be until 10:30 CST and then I have to hit the road...
Oil still fighting it's pivot 86.30 and is in a range of 86.56-86.05; breaks either and it will in all likelihood run to either 86.8 (and maybe PHOD of 86.97) or 85.64 (S1)...We'll see..
No breakdown today, the divergence of the EUR/USD to the market on Friday resulted in the market following the EUR/USD today. (One of them had to break and today it was the market).
I have levels marked for longer term breakout points. Some very nice plays today in CL, TF and AAPL weeklies again.
Here are some potential plays for tomorrow. Typical rules are buy/short at the price posted and use the price-stop difference in calculating how many shares to purchased based off a $ 200 maximum loss.