Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Thursday, October 25, 2007
This morning during regular trading hours the December e-mini futures rallied to 1529.75 thus triggering a short side trade at 1529. The market has since dropped to 1507.25, just shy of my 1507 profit taking target. My tactic for the rest of today is to lower the buy stop to 1521, cover if the market hits 1507, and in any event close the trade at 3:55 pm New York time, 5 minutes before the close of the New York Stock Exchange's day session.