I am opening up a swing short on this pop on consumer confidence at 897.50. Target / Stoploss +15.00 -15.00.

Good luck trading this volatile session today!

R3 915.67
R2 901.67
R1 893.33

PP 887.67

S1 879.33
S2 873.67
S3 859.67

I am covering my remaining short on the ES at 885.00 for a profit of 27.5 points. Well done if you went along for the ride, if not -> don’t worry, every day there are new opportunities! Don’t chase the market if you missed your entry. This brings the total profit for this month to 82.5 ES points or 4.125,00$, but I have to deduct a .50 point loss from the bad oil trade, leaving me with 3.625,00 $ profit.

Thanks to this last profitable swingtrade I am well over my 10% profit target for this month, but this does not mean I will stop trading. Good luck trading for the rest of the day, perhaps I will come back this evening with another trade if the market overreacts in any way.

I am covering one out of two ES shorts at 897.50 for a 15 point profit and am letting the rest run with a stoploss at the breakevenpoint. More charts later on the day!

I think the chart & trendline says it all… Be carefull taking on a long position.

I am going to short the ES with two contracts here at 912.50 with a target at +15.00, and a stoploss at -15.00. Housing data was horrible as I expected, so the market will follow suit.

Good luck trading for the rest of the day!

The market did not go in the direction I expected yesterday so I am in for quite some losses. I got stopped out of my ES trade at 900.00 for -10.00 points and got stopped out of my oil short at 59.00 for -.50 points.

The resistance trendline for oil did not hold up, and broke through it again. It is even trading over 60.50$ per barrel at the moment, I did not expect that at all. Markets and oil tend to move in the same direction lately, investors seem to be eager to get back in the market and take some risk at the moment.

I will be posting a graph today for the DAX, the leading European index.

We have seen oil running up to nearly 60.00$ a barrel, when in fact consumption has not been going up alongside the price. I think there is an opportunity here to short oil at 58.50$ since the daily trendline has been broken.

If you look at the 60min chart, you can see that we have been going down between two trendlines, and at the moment we are at/around the upper trendline. We take advantage of the Nigeria news to take a short right here. Place a stop at 59.00$ since then we break out of the downtrend, my best suggestion is to let it run with a .50$ trailing stop.

Dear readers, time for another swingtrade to the downside here. We have been going down for the past week, and I don’t think the trend will reach an end this week. I am seeing that a gapup is being formed on no notable news, so I am going to short before the open at ES 890.00 and hold untill I reach my target (or stop) of +15/-10 points.

Good luck trading today!

R3 922.58
R2 903.83
R1 893.42

PP 885.08

S1 874.67
S2 866.33
S3 847.58