Evening folks! Flat to slightly down week in the markets last week. The s&p was down about 1% we got hit with news all over the place but the market held up fairly well. It could have been worse. Buyers seem to be stepping in at that 1350 level and the rallies towards s&p 1366 are getting sold giving us a nice little trading range. When we breakout of this shorterm range will give us some clues on where we can go. Bear market type tactics are still in place for our trades as the action is choppy with a negative bias. Smaller position sizing and a decrease in portfolio risk is a must till we get more direction from the markets.
f you want to see how we trade and my particular style: here is a video i made on our trade in SGOC last week where we sold our last shares for 50% gain on the daytrade!
Check out our BULLS PRO membership. If you have less then 25k and cant daytrade this is the best way to go as you can daytrade with our prop firm with even 5k and it gets you FREE MEMBERSHIP to our chatroom and site! email me firstname.lastname@example.org if you got any questions
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