Wednesday, July 27, 2011

Opening Indications

The DIA opened on a slight 1 min positive divergence, the Q's opened on a stronger 1 min positive divergence and the SPY opened in line with price.


 DIA

 QQQ

SPY

We have energy inventories at 10:30 a.m., we often find good counter trend trades there. If a signal is given, you may want to consider UCO for a long trade and SCO for a short trade, you should have the ability to close the trade out today (day trade) as these are sometimes worthwhile, but short lived trades.

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