Wednesday Trading 10/19/05
Wow,what a reversal to the upside.The S&P futures came off that low of 1174,closed the morning gap and just took off.I'll bet that surprised some shorts.I did manage to get a couple plays off to the long side there,but nothing like I should have on a 24 point swing like that.I guess eventually you have to start paying attention to some of the good news going around.
Trades Today
NEW short at 31.76 covered 31.28,30.99,30.85,30.80 for +.48,+.77,+.91,+.96
Had a few winners and losers in SYK,but they were pretty meaningless.
NEW long at 32.00 sold at 32.20,32.25,32.30 for +.20,+.25,+.30
NEW long at 32.40 sold at 32.65 for +.25
Those last two I really should have capitalized on a little better,the market was running hard and so were the stocks.All in all it was a good day.The bulls really took over on that one!I think the Oil report had a little to do with things,but that doesn't really matter now does it.Trade what you see!! Good Trading all!
posted by txtrader @ 3:53 PM
1 comments
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