Tuesday, March 13, 2012

Even the Biggest Bear would have known to be long today

SPY Daily Chart

60 Minute Chart

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Notes: No reason to post a trade today. Look at the daily and 60 minute chart........great example why there was NO reason to be anything but long today. Daily breaking out with previous day narrow range bar. Market gapped up, pulled back slightly to support and then like a rocket to the moon all day.

* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s the end of the day. Feel free to post any trades you made today that you would like commented on.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE