Tuesday, July 08, 2008

Oil Dropping

Oil dropped back down to $136.

The Euro Dollar has been weak since ECB raised interest rates 25bp last Thursday.

My 2 trades for the day-

SPY at the lower end of its channel. Question is, will we get a big spike down(panic), with a reversal, or start to crawl back up slow and steady.

The traffic to this blog is HIGH, much more than expected considering I haven't posted in awhile.
TokyoTrader is hosting the Virtual Office for those interested in seeing how Day Traders are doing. I'm Surprised to see the number of Futures Traders.


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