ES Short Term Trading 02-18-2011


  • 2
  • Lorn
  • 17-Feb-2011 at 8:42 PM
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Weekly RTH profile leading into Friday. I'll note the gap from Wednesday was never filled.


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30minmp02172011
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  • koolblue
  • 18-Feb-2011 at 6:23 AM
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According to Stock Trader's Almanac, day before Presidents Day weekend, SPX down 16 of last 19 and February Expiration Day, Dow down 7 of last 11. And remember the seasonality chart...
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febseasonalityday2day2
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  • koolblue
  • 18-Feb-2011 at 6:29 AM
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And fwiw, from palisades...Daily forecast for the S&P500 and Nasdaq 100 indexes:
Forecast Made: Forecast For: Direction
February 17, 2011 February 18, 2011 flat to lower

(Remember to reload your screen if old date appears.)

Probability for next day:
Up Probability Average amount (up) Down Probability Average amount (down)
S&P 27% .37% 73% -.36%
NDX 36% .33% 64% -.35%
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  • koolblue
  • 18-Feb-2011 at 7:06 AM
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1210
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  • koolblue
  • 18-Feb-2011 at 8:50 AM
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Sure wish i would have waited for 1339! or even 1341.50,anyway 1339.75 is where my stop is...ugh!
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  • koolblue
  • 18-Feb-2011 at 9:15 AM
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I should point out, as it stands right now, the above chart showing the down projections is still active untill 1340.00 is touched or exceeded... which seems likely of course.
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  • koolblue
  • 18-Feb-2011 at 9:31 AM
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projections still alive, but im not..stopped 1339.75...loss of 2.25 on 2 es, down 4.5 on the day ugh!
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  • koolblue
  • 18-Feb-2011 at 1:38 PM
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buying 1338.25
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  • koolblue
  • 18-Feb-2011 at 1:43 PM
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1212
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  • koolblue
  • 18-Feb-2011 at 1:58 PM
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AHHH..perfect!..long a couple at 1338.25..will take one off at 1340.00 and hold the runner
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  • koolblue
  • 18-Feb-2011 at 2:02 PM
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one off at 1340..plus 1.75 there (now only down 2.75 on the day).. Holding the runner, still studying the charts to see where to exit the other...
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  • koolblue
  • 18-Feb-2011 at 3:07 PM
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Originally posted by koolblue

ALRIGHT ,BE THAT WAY ...Out the runner at 1337.75.. i'll go long 2 again at 1336 and change!
God , did i second guess myself or what!! Getting too late for me, hope everyone has an enjoyable weekend and holiday!
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