Trading Now

Trading Now

Friday, February 7, 2014

The Weekly Market View

I really should say, "What a Day"!
If you were trading live your computer had to be smoking at the 830AM Job report.  I couldn't even get a trade on Ninjas E-mini Dom.
But a clear uptrend was established at 1780.  Any pullbacks to the 21 EMA were a long.  The 8 EMA on the 15min actually gave you a better insight on a long trade with less fuss.

The Russell is a bit concerning.  Short term is weak compared to the other indices.  Long term it is still clearly headed down.  We will see what Monday brings.


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