Wednesday, July 25, 2012

FAS / Market Update

I closed FAS which was just a long trade, no options. Between the charts there and how fast ES just got ugly, I don't mind if FAS goes higher, it's not with the probabilities and I'm not going to have a loss trading against the probabilities as the trend expected has been down and any up action has been considered "noise".


 Not much of a profit, but hey!

 FAS 1 min

 FAS 2 min

 FAS 3 min- between these 3 charts, it may be early, there may be more upside later, but I'm closing it up.

I really don't like how fast and how negative the ES chart turned, even the 1 min FAS chart turned pretty quickly around 1 p.m. or so.

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