Tuesday, May 15, 2007

May 15 afternoon progress $2,022




Not sure if I'm done trading yet. Believe it or not I didn't make any of my money by buying the morning pop.

I tried trading some listed stocks and the fills take forever, so I'm sticking with nasdaq stocks for scalping intraday.

I expect the dow to keep going up, there is a big bullish divergence between YM and ER2. You could do a hedged strategy with option or futures by going long YM and Short ER2.

NYSE A/D started near the neutral to bullish zone this morning and popped into bullish territory after 7:05am, currently at a value of 1.95, but showing bearish divergence and resistance overhead with ER2 being the best short right now if you wanted to take that risk.

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