Tuesday, July 12, 2011

Daily Review - Euro Crap

I mentioned yesterday that I hate trading news driven market and today did nothing to change that.  Went to bed last night with S&P futures down over 10 handles and wake up with S&P flat.  Not a time to be aggressive.

Took a couple trades today.

Long 300 AGU at 88.05 stop at 87.65.  Was stopped out around 88.20 for small gain.



Long 200 CF at 149.00 stopped at 148.50.  I was liking the strength in the sector and was trying to play a bounce on 20EMA/5min chart.  In hindsight not a great trade but good thing for stops, CF never bounced.

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