dtsjune2008

6/2

I am short in the A period @ 1393.50 @ 9:41, My stop is above the high @ 1397. My target is the 1382's. UPDATE, OUT @ 1385.25 @ 10:34, I have to leave unfortunatly, as the day seems to be trending. I cant wait for the 1382's. Gain 33 pts. I think the 82's or the 77's could offer some support. Good trading to you.

TOTAL GAIN FOR THE DAY 33 PTS

6/3

I am long in the A period @ 1386 @ 9:49, My stop is 1383. My target is the 1392's. If I get stopped out, the 1377's -1380's is the next resonable area for support. UPDATE @ 10:01, We are moving in the right direction, trading 1391's, the 92's should be right around the corner. UPDATE @ 10:03, I am going to change my target to the volume cluster in the 1398's from 5/30 that sent us lower on monday. I am also moving my stop to breakeven @ 1386. UPDATE @ 10:14, We are stalling inthe 1391's OUT @ 1391.25 Gain 21pts. Long @ 1389.25 @ 10:22, My stop is 1386, below the volume cluster that sent us higher. UPDATE @ 11:01 , we almost got stopped out, they tested the block at tehe 86's but only to 86.50! Trading in the 1390's now. My target is the B period high in the 92's- 93's. UPDATE @ 11:17, We are agian getting close, trading 1391's, OUT @ 1391.75 @ 11:18. W cant seem to punch through the 92's Gain 10 pts. A difficult morning session to trade, very nebulas signals. the 86's offer support, the 98's offer resistance. Out for a bit, maybe the rest of the day. Good trading to you! wOW, i JUST got back and missed the H period selloff, we are consolidating in the 1379-1380 area, this is support and has to hold, as yesterday there was a big block of buying that sent us higher, if this doesnt hold, look out below, all the XLF, XLB, XLE are ikn concert going down. Short @ 1:46 @ 1380, it looks like passive selling on the small retracement, I am sorta late to the party, my stop is 1382 right above the retraxcement high. UPDATE, @ 1:52 WE ARE TRADING THE 75'S UPDATE @ 1:53, OUT @ 1375.75. I am to late tothe party to stay short from the low, I have to leave in a bit, but at least I caught some. I think the 1338's are in sight over the next days. Gain 17 pts I am looking to get short agian somewhere in here, possibly the 1378's?, we are trading the 76's right now~~Not much of a retracement @ 2:04, up in the 1375's, If I short here,I would have to risk in a fast market up to the 1382's at least~~Short @ 1375 @ 2:05, stop @ 1382.50, UPDATE ~ 2:06, We broke down fast and stopped in the 72's, that is not good, we need to make lower lows here right away~~ OUT @ 1374.75 @ 2:07 gain 1 pt. Short @ 1375.75 @ 2:15, my stop is 1377.50. lets see if we can break the lows here. UPDATE @ 2:20 THhe market doesnt look very strong, but it hasnt broke yet either, trading the 72's, here it is, we broke!!, and died, OUT @ 1372.50 @ 2:22 gain 13pts Short @ 1379.75 @ 3:11, My stop is 1384. UPDATE, OUT @ 1378 @ 3:21, PASSIVE BUYING IN THE 1376'S AND THE TICK IS MAKING HIGHER LOWS, gain 7 pts. I should have reversed at the lows when I got out, oh well, good trading to you, a fine start for the month of june!

TOTAL GAIN FOR THE DAY 69 PTS

6/4

I am short in the A period @ 1380.50 @ 9:51, My stop is above the high of yesterdays M period @ 1384. The volume cluster that sent us lower on the day yesterday was in teh 13778-1382 range. There is passive selling in the 1380 area. My target is the 1370's, albiet the NYSE tick chart is showing strength this morning, we may not get down to the 1370's. I cant be here all day, so I will watch the action for a bit. UPDATE @ 10:06, We are struggling to break the 1377's that is a concern. OUT @ 10:06 @ 1378 gain 10pts. Short @ 1381 @ 10:36, my stop is above the C period high @ 1383. On the retest of the B period high came on decreasing volume deltas and passive selling at the highs. UPDATE, there seems to be no follow through, we are retesting the 81's now @ 10:45~~OUT @ 1380.75 @ 10:47 gain 1 pt. thats it for me today, a full day of other activities like moving. Good trading to you! I am tempted to take one last trade before I leave, we are in the 1384's @ 10:56, no signal yet, but this area is of interest, as is the 1387-1389's for resistance. If we break above the 84's I would look to short possibly at the 87's- 88's. The one thing that concerns me is the volume is increasing on the way up and the financials are leading the way. Short @ 1384.25 @ 11:01, Our stop is above the high volume cluster @ 1389 UPDATE @ 11:1 OUT @ 1384.25 There is enough passive buying in the 84's to stem the sell of, the tick is strong, and I have to leave, at least it was a break even trade, a short from the 87's would have been more appropriate considering that we spoke about the resistance. Good trading to you! I am back, Short @ 2:01 @ 1385 My stop is above the F period high @ 1389, My target is the 1376's -1379's, the volume cluster in the K period that sent us higher into the close.UPDATE @ 2:31 out @ 1378. gain 28 pts Short @ 2:46 @ 1380 My stop is 1383. My target is the volume cluster @ the 1369's -1370's UPDATE @ 3:08 OUT @ 1375. The volume deltas dried up and the tick looked over done on the 2nd SD below the mean. gain 20 pts. Thats all folks, Good trading to you.

TOTAL GAIN FOR THE DAY 59 PTS

6/5

I am long in the B period @ 1385.75 @ 10:06, My stop is 1383, just below the retracement at 10:02. It looks like the 1370's held, which would put us back testing the 1400's (1400-1406 levels). My target is around 1400. UPDATE @ 10:15 I am moving my stop to Break even @ 1383. If the XLF, XLB, XLE stay in concert on the way up, I may change my target to the 1406's, we wil see how the morning unfolds. We are right at the volume cluster @ the 1391's now from 6/3 that sent us lower over the next day~~UPDATE@ 10:18, NO RESISTANCE AT THE 91's, next stop is the close on 5/30 in the 1400 area. Just a note of interest, yesterday was an inside day after a day testing support at the 1370's area. This could be short covering, lets see if the afternoon continues or consolidates. UPDATE @ 10:24, WE ARE STALLING AT THE 91'S-92'S, BUT I THINK IT IS JUST A BREATHER. If we continue two sided trade in the 91's-92's where a little block of volume is sitting from 6/2 also, we should push up higher in the C period. If not, time to take profit. UPDATE @ 10:29, It looks a bit tired up here, thinking of getting out~~ OUT @ 10:30 @ 1392 gain 25 pts. Short @ 10:34 @ 1393.50, my stop is close just above the C period high @ 1395. The NYSE tick is weaking a bit as we make new highs on weaker volulme, lets see if the passive sellers turn inititive and reengage. My target on this trade is the 1387's-88's. I am moving my stop up a bit to the 1398 level, volume is still waning. We are trading the 94's now. 95 is to close. I would feel more confortable with a 1401 stop, but that is too far away for our 93.50 entry, If we get stopped out at the 98's, we will reassess and try to get back short if all is well. It looks like things are getting top heavy, 9 more minutes until D period, and we just took the stops out over the B period to this point. UPDATE @ 10:56, We havent broken down yet, 94.75 is the high, but only 3 minutes to D period and there is no continuation? Seems top heavy~~UPDATE @ 11:21 I am patiently waiting for a break. We tested the 1390's, got some passive buying, if those buyers cover, our target of the 87's-88's is in sight. UPDATE @ 11:41, I am moving my stop back down to 1395 where it was orginally. Having said that, it looks like a P formation is occuring, signaling possible short covering in the A and B period. That might very well limit trading opportunites to the 1390 to 1395 range. If the E period tests the 1390's agian, I might very well get out of this trade and take a break. We are also just $600.00 away from trading 8 contracts based on our current money management methodology. We are currently trading 4 contracts. We are retesting the 1393's @ 11:47, I am moving my stop to 1396 a point above where it is now, They might take the C period out by a tick or two. There is a lot of passive selling up here, the key is am I patient enough to wait for the break, ~~The XLF is starting to diverge, volume is decreasing, and the tick is consolidating around the mean. Over all it is stronger than weaker, but that trend looks like it is changing. Lets see how the 1396 stop fares. Stopped out, they ran the stops right to 96, damn, 98 was the right stop, loss 10pts. We are short @ 1394.50, @ 12:05 stop 1398, target 1388's. Stopped out, loss 14 pts We are now set to trade in the volume cluster from the 1398-1405 area, I will be watching for a short arouind this area up to the 1405's. Short @ 1397.50, @ 12:36, stop 1403, target 1388's UPDATE @ 2:05, Finally we get a little push down to the 95's, A tough trading day for me today, I should have bought the consolidation in the low 90's when I was speaking about the inside day near the consolidation lows. Even then, the trade would have been liquidated near the 1400 area, but at least I would have had more then a point! Lets see if we can get some long liquidation down to the 88's or if buyers step in, the 90-91 area is the first support I may consider getting out if we grind lower, I might not wait for the 88's. I am moving my stop down to 1400. UPDATE @ 2:22 FINALLY, HERE WE GO~~ TRADING 90's, UPDATE @ 2:30 OUT @ 1392.25 gain 21 pts. I would consider another short if we got a bounce up to the 95's. Short @ 2:43 @ 1394.25, my stop is 1399, just above the volume cluster that sent us lower in K period, my target is the 1386's-89's, Wow, this market is vexing today, we are back in the 97's! Not much volume on the way up compared to the way down, what is up with this? My answer to that question, is more short covering from the volume cluster in D period in the 1391's, we go back to the high and die? Unless we break out over the highs on strong volime I say it is old business. Stopped out, loss 19pts Short @ 1401.50 My stop is above the high of 5/30 @ 1406, My target is the 1391's. What a fitting end to a lousy day, closing at the high, OUT @ 1405 Loss 14 pts. A few wrong desions, and a big missed opportunity at the beginning of K period that could have made a good day. A lot of work for a small loss! Good trading to you.

TOTAL LOSS FOR THE DAY 11 PTS

6/6

I am short in the A period @ 1392 @ 9:31, My stop is 1398, There is mirco support in the 1387's. UPDATE @ 10:09, There is some good long liquidation and inititive selling, my target is the 1377-1378 area. Having said that I think we can easly test the 1370-1369 area. OUT @ 1384.50 @ 10:33, the tick selling pressure is drying up down here, Standing by, gain 30 pts. I am short again @ 1384.50 @ 10:37, My stop is close just above us @ 1387.50, Lets see if we can break down on this second attempt.UPDATE @ 10:43, WE AE BREAKING THE LOWS ON INCREASING VOLUME, BUT THE TICK IS NOT MAKING LOWER LOWS. Standing buy ready to exit if we dont get a lower value in tick. The tick is not moving lower @ 10:45,~~ OUT @ 1382.25 @ 10:45 gain 9 pts.. Standing by to look for another short~~Short @ 1384.50 @ 10:51, Even though the tick is not making lower lows, there is no buying, and overall the tick is weak. My stop on the 84.50's is 1387.50, the recent retracement high. My target is the 77's or the 70's depending on the acceleratioin once we break the lows. OIL AT $135, HOLY MOLY. Its amazing the equity's are holding up as well as they are, I am still expecting a selloff, I am thinking the 1370's is the better target. Here we go, we are breaking below the lows, trading in the 80's on increasing volume. The tick is finally making lower lows @ 11:07, the 1370's are in sight. On this last trade we are trading 8 contracts! YES!! I am moving my stop down to break even @ 1384.50, trading the 78's currently. OUT @ 1379.50 @ 11:20, We have lower lows in price, a divergence in the tick, and volume deltas, I think the 1377's will offer temporary support. gain 40 pts. Short once agian @ 1379.50, my stop is 1385 above the last inititive drive down from teh 1383's. There are 6 minutes left in the D period. We need to make a lower low soon. If not we could very well retrace to the 1385-1387 area. Standing by~~UPDATE @ 11:29, We are retesting the 77's, just broke through, trading the 76's, E period just opened up. We are making lower lows in price on the XLF, XLB, and XLF. the tick has been weak all morning, but is not making lower lows as price does. That I am watching. We also have stalled almost like in the C period when that opened up, we broke the 77's now we are right back there, I think the 1371's are in sight though, just might be a little latter. OUT @ 1377.50 @ 11:33, gain 16 pts. I am looking for an reentry for a short~~ Short @ 11:35 @ 1377.25, My stop is 1381 above the recent upward rotation. There is no buying interest, only profit taking on the small retracements. UPDATE @ 11:38, We are moving in the wrong direction, almost stopped out I should have listen to my own observation of the increasing lows in the tick. If we do get stopped out I will look at the volume cluster in the C period as a new short. Trading 1380.75, not 81 yet! WOW it looks like we are safe, 80.75 seems to be the high of the last move, trading the 78's-79's now~~ Stopped out, loss 30 pts. Short @ 1381, my stop is 1386, My target is the lows for the day. UPDATE @ 12:13, I am patiently waiting for a break, we test the 77's agian, and are now back in the 79's. It is going to take a few attemps to get below the lows of the day. I should have reduced my profit targets and took my 20 or 30 points in the 77's, I just didnt want to miss the break because it will be quick. OUT @ 1380 @ 12:16, GAIN 8 PTS Damn, Short at a lower price, short @ 1378 @ 12:22, this trade is risky, we need to break down, 8 minutes left in the F period, my stop is 1382 above the recent consolidation. My target is the 1370's UPDATE, @ 12:28, We are testing the 76-77's agian, 2 minutes to G period. Boy, almost got stopped out agian, but I thinkI am safe, trading in the H period @ the 1375's. I dont know how the equitys are not selling under the 75's with the energy markets almost at limit up? OUT @ 1376, the tick is not making lower lows, with price making lower lows on decreasing volume delta's, hard to believe we are holding the lows, Standing by~~ gain 16 pts. Short @ 1378.50 @ 1:48, My stop is 1382.The target is the 1370's still! UPDATE @ 2:07, finally a break below the lows! trading on increased volume and lower tick values, lets see if the 1370 area holds, we will probably take profit down there, expecting a bounce we will see!!~~UPDATE, IF THEY RUN THE STOPS BELOW THE RECENT LOWS, THE 1369 ARE COULD TAKE US DOWN TO 1367, OUT @ 2:15 @ 1370.75 gain 62 pts. I didnt have the guts to wait for the 67's, but we got down there! trading the 70's now. Short @ 1370.25,@ 2:26, my stop is close at 1373 the recent retracement a couple of minutes ago, expecting a break below the 67's. If we break lower, look at the volume clusters from 4/16 and 4/17. 1360 is in the sights, 1338 after that. Stopped out loss 22 pts. Short agin @ 1373 @ 2:33, my stop is above the volume cluster in the 76-77 area @ 1378. My target is below the lows somewhere~OUT @ 1371 @ 2:38, NO SELLING PRESSURE YET. gain 16 pts Short agian @ 1372 @ 2:44, my stop is at 1375 above the rrecent retracement. UPDATE @ 2:55, the NYSE tick is making good low lows along with price, we tested teh 68's, we have 4 minutes until the L period, expecting new lows soon~~ increasing volume as we aproach new lows~~OUT @ 1369.50 @ 3:00, I will look for a better entry, gain 20 pts, there was agian passive buying in the 68's- 68.50's. this might be the low for the day considering we didnt break the low, I have had a great day, I think I am calling it quits! Good trading to you! What the hell one last trade, short @ 1374.50 @ 3:16, my stop is 1377. the NYSE tick chart hit the 2nd SD right at the .618 retracement., wow, fast market, trading in the 1370's OUT 1371.50 @ 3:19 GAIN 24 PTS

I AM DONE FOR SURE NOW! MY BIRTHDAY IS THIS WEEKEND, THERE WILL BE SOME CELEBRATION TONIGHT!! Good trading to you!

WOW, LOOK AT THAT CLOSE, TO BAD I DIDNT LISTEN TO MYSELF WHEN I SAID THE 1360'S WERE IN THE SITES. I WOULD HAVE HAD ANOTHER 80 OR MORE POINTS ADDED ON, BUT WHY COMPLAIN? THE GAP AT 1338 IS UP NEXT. Have a great weekend.

TOTAL GAIN FOR THE DAY 189 PTS

6/9

I am short in the B period @ 1367 @ 10:03, My stop is 1370 just above the B perod high. It looks like a floor driven market with the action so far, my target is the 60's or the 59's. The NYSE tick is oscillating and seems to be neutral. No big divergences that I can see. that is one reason my stop is close, also there are no distinct selling blocks of volume until the 1377's OUT @ 10:11 @ 1365.50. gain of 12 pts. This is right where the volume cluster was that pushed us up to the high. On the 5 tick reversal chart, enough passive buying came in to halt the downward movement @ the 1364's. I wish I would have seen that quicker. Not paying enough attention, I should have got the 1364's instead of the 1365.50's. I would consider buying this market up to the 1377's where the block of selling volume is, I would like to get a hit to the 2nd SD below the mean for an entry though~~ or at least close to that~Damn, not much of a pull back, trading in the 1370's, Long @ 1367.50 @ 10:24, My stop is 1364, just under the recent consolidation line, my target is the 1377's. Well I spoke about a floor driven open, thinking about a range bound few periods, and I am seemingly on the wrong side of this trade, traded in the 64's but not 64 even. At this point we will just wait for a retest of the highs, or the stop loss. I would be a buyer in the 62-64 area if we do get stopped out. UPDATE @ 11:27, I may very well liquidated this trade and do some more moving as the market is dead , I would like to get at least a point per contract though, I could of just a minute ago, but now we are trading back in the 67's.If I can get the 68's or 68.50, I think I am going to call it a day, at least till the afternoon session~~OUT @ 1368.25 @ 11:25 gain 6 pts. Long @ 12:08 @ 1364.50, my stop is below us by a couple of points if they run the stops under B period @ 1361. My target is the 1369's~~ We hit the 2nd SD on decreasing volume deltas. the one thing that is a bit of a concern is the XLF is starting to diverge a bit. UPDATE @ 12:13, I am moving my stop to 1362.50 a bit closer considering the slow market. This is the low of the heavy volume cluster that sent us higher in the A period. OUT @ 12:52 @ 1367.75 GAIN 26 PTS, this market is range bound and slow, I am taking a while off, Good trading to you! We got a good signal, a hit at the SD above the mean on the tick and a lower high in price, Short @ 1367.25 @ 12:56 My stop is above the G period high @ 1369.50 . OUT @ 1:06 @ 1365, WOW, I GOT OUT TO SOON, TRADING THE 62's, It didnt even pause at the B and F period lows! Short @ 1961 @ 1:41, My stop is 1364 above the recent retracemtent, Lower highs in the tick on the retracement with declining volume. UPDATE @ 1:53, MOVING IN THE RIGHT DIRETION, BELOW THE H PERIOD LOW, THE TARGET IS THE 1352'S FROM THE 4/15 PROFILE, OUT @ 2:01 @1357. Damn, agian it went right to my target and I got out early, Damn damn, gain 32 pts. Long @ 1353 @ 2:26, my stop is below the low of J peirod @ 1350, fast market, OUT @ 1356 @ 2:30, the market made a lower low in price but the tick looked like it was hesistant, positive volume deltas were occuring also.We also had a positive 5000 delta bar that formed at the low. Nice signals. I would consider a short in the 60's. gain 24 pts. Agian, I got out early. Short @ 2:41 @ 1359.25, price went right to the volume cluster in the H period that sent us lower, our stop is just above us at the 1361 area. Our target is the 1352's. UPDATE @ 2:52, THE MARKET BROKE QUICKLY TO THE 56'S AND DIED, STANDING BY~~OUT @ 1356.50 @ 2:53, The market is not breaking as quickly as I would like, gain 22pts. Damn, I keep getting out early, right after I get out, we are trading the 54's!! Long @ 1352.75, @ 3:11 my stop is just below us at 1351, the tick is building higher lows,as price is making lower lows, my target is the 57's~~there is a volume cluster from the 56's-58's in the K period that sent us lower~~ OUT @ 1353.75 @ 3:18, GAIN 8 PTS. THE MARKET IS SLOWING DOWN, TIME TO TAKE A BREAK, DAMN DAMN, I DID IT AGIAN, I GOT OUT EARLY, TRADING THE 56'S, MUST BE THE ROCKIN BLUES MY BUDDY SENT ME THAT I AM LISTENING TO! AGIAN IT WENT RIGHT TO MY TARGET! Short @ 1355.25 @ 3:24, my stop is above tehe volume cluster in the 57-s @ 1358.50, my target is the lows down toward the 1352's or lower~~UPDATE @ 3:34, I think I am in trouble on this trade, I think we are going to have some short covering into the close, trading 58 right now~~OUT @ 1358.50 LOSS OF 34 PTS

TOTAL GAIN FOR THE DAY 114 PTS

6/10

I am long in the A period @ 1353.50 @ 9:43, My stop is 1350.50, BELOW THE A PERIOD LOW. The XLF is diverging and there is a gap to fill in the 1363's, and the tick is rising. I would expect at least a balancing of the overnight inventory which is heavly short, my target is the gap at the 61's to the 63's. UPDATE @ 10:09, THE OPEN IS TEASING ME. UP DOWN UP DOWN, the market looks like it wants to break up.UPDATE @ 10:17, WE ARE MOVING IN THE RIGHT DIRECTION, TRADING IN YESTERDAYS CLOSING RANGE, OUT @ 1360.75 @ 10:19, THIS IS WHERE A VOLUME CLUSTER SENT THE OVERNIGHT ACTION DOWNWARD, GAIN 58 PTS. Short @ 1360 @ 10:21, my stop is above that volume cluster @ 1363, my target is a rotation back to the 1354's, where the buying volume sent us up in the A period. UPDATE @ 10:35, WE ARE BREAKING TRADING THE 56'S, OUT @ 1357.25 @ 10:39 GAIN 22 PTS, THE MARKET IS STALLING RIGHT ABOVE THAT VOLUME CLUSTER IN THE 54'S. LONG @ 1357.50 @ 10:46, My stop is 1354 right in the middle of that volume cluster that I spoke about, my target is an upward rotation toward the highs~~A nice signal as the tick moved down toward the 2nd SD (standard deviation), and volume deltas were static. there could be resistance in the 1359's, we ticked there, I may get out soon~ Damn, I missed my exit at the 59's~, I am scratching this trade when we tick 1357.50, OUT @ 10:54 @ 1357.25, LOSS 2 PTS. I will wait for a more assymetrical opportunity since we stalled at the volume cluster in the 59's. That isgoing to be good resistance as is the 1352-53's should be good support also~~long @ 1355 @ 11:04, a fast market over the last minutes, lets see if it can break the 59's, my stop is the 1352 the bottom of the volume cluster I have been speaking about, If it breaks up over the 59's, the 64's are my target~UPDATE @ 11:22, The market has slowed considerably, the 59's are probably a better target for now~Even the 57's are starting to build resistance also~~OUT @ 11:24 @ 1356.75, I am taking a break and will revisit in the afternoon session, gain 14 pts. We are in the low 55's, long @ 1355.75 @ 11:36, my stop is 1352, my targat is the 1359's UPDATE, WE JUST BROKE UP, TRADING THE 59'S OUT @ 1360 @ 11:44, gain 34 pts, that was quick, . A nice signal as we approached the volume cluster in the 54's, volume was drying up and the tick made higher lows as price was consolidating. I may short this up here~~just waiting for some passive selling, we are above the volume cluster from the 59's tothe 61's though~Short @ 11:49 @ 1361.25, my stop is at 1363 above the E period high, expecting a rotation back to the 1356's at least. Back to updating the spread sheet for the last few days of trades~ UPDATE @ 11:53, MOVING IN THE RIGHT DIRECTION, TRADING THE 58'S~~THIS IS DEFINATLY A FLOOR DRIVEN MARKET THUS FAR, SMALL RANGE AND LOTS OF ROTATIONS. OUT @ 11:55 @ 1358.50, WE STALLED RIGHT ABOVE THE VOLUME CLUSTER IN THE 56-57'S, GAIN 22PTS. Once agian, I got out early, it is in tehe 56's now! We are retesting the 56's where the initiave buying took us up, Long @1358 @ 12:11, my stop is 1354. OUT @ 12:15 @ 1360.50, this is where that volume cluster is from the B period and the E period, gain 20 pts. I haave to do some moving, maybe back latter, Good trading to you! Damn Damn, agian I got out early, tring the 64s! I have to get away from the screen, this is to much fun, I have to get some work done! Short @ 12:26 @1363, my stop isabove teh F period high @ 1365, my target is the 57-58's. This is my last trade I swear! , A really nice signal, they took the stops above the E period high, the tick stalled, the volume deltas were not increasing, and my 5000 delta footprint is building a red delta at the high. Also the XLF is diverging. UPDATE @ 12:47, We seem to be in the lunch deldrums, we almost got stopped out, but were spared, trading the 61's now, I think the market is getting ready to break, I think we can hit our target in the 58's if we can be a little more patient. There is twosided trade in the 61's here. The tick is moving toward the 2nd SD ever so slowly, and negative volume deltas are forming, the 5000 delta footprint is build a big red profile at the highs here, that is usally not a good sign for upward continuation, standing by~~UPDATE @ 1:04, Finally in H period we seem to be breaking a bit, we traded the 60's and died, now we are back in the 62's, I am losing my patience but will try and stand by my stop and let the market dow its thing, I see nothing that say my short is in a bad location~~We just got stopped out, the tick rallied, and now I am done for a while, loss 16 pts. Short @ 1366 @ 1:27, my stop is 1370.50 above the volume cluster that sent us lower yesterday, this trade carrys a bit of risk, as the 69's would be a better entry, but volume up here is drying up and the tick made a higher high, but price didnt with less volume on the delta bars, the XLF is also diverging. My target is near the POC (point of control) in the 56's. UPDATE @ 1:41, I am moving my stop to break even @ 1366, we seem to be breaking down, pausing in the 62's, I think the 56's or the 57's are resonable. One thing for sure, I am not getting any moving done, and we only have less than 3 weeks to wrap this move up, Break down already, , OUT @ 1364, I HAVE LOST MY PATIENCE, AND I HAVE TO DO SOME WORK, I will check in later just to see if we do hit the 56's. gain 16 pts. What the hell, Short @ 1:51 @ 1363, one more shot at it, stop is 1365 target 1356's. the tick just cant get out of its own way, and it is about to rain! UPDATE @ 2:29, OUT @ 1356, WE TOUCHED THE 54'S WHERE THE VOLUME CLUSTER I HAVE BEEN SPEAKING ABOUT IS. I am glad i got back in, albeit a lower entry, gain 56 pts. At least I got a little packing done, I am looking for a long, I wish I got the 56's when I got out, trading the 58's now, Long 1358 @2:36, my stop is 1355 just above some passive buying at the low of J period. we have a divergence in the XLF and the tick is making higher lows while price is made a double bottom. Closing flat on the day would put us at the other end of value in the 63's, that is my target. UPDATE @ 2:43 WE ARE BREAKING UP TRADING IN THE 59'S~~ STANDING BY FOR OUR TARGET AT THE 62-63'S~~UPDATE @ 2:57, here we go, trading the 60's, a little more baby, and we are done for the day with a record breaking day~~OH no, we just hit a high in the tick, and we stall and reverse back down to the 59's?, Standing by though~~good, here comes some more volume back in the 60's~~OUT @ 1361.75 @ 3:02. WHAT A WILD DAY, GOOD TRADING TO YOU! I AM OUTTA HERE!

TOTAL GAIN FOR THE DAY 254 PTS

6/11

I am long in the A period @ 1354.75 @ 9:31, My stop is 1352, BELOW THE VOLUME CLUSTER THAT SENT US HIGHER IN THE A PERIOD YESTERDAY, MY TARGET IS IN THE LOW 1360'S SOME WHERE. UPDATE @ 9:53, We are getting close to our stop, the low of the last few days is 1350, I will be watching closly if they run the stops, there might be a buying opportunity below tehe 1350 price by 2 or 3 points leading to a fast recovery, if not, 1338 is in the sites~ Theres the stop, loss 22 pts. I probably should have had my stop below the cluster say around 1350?, the reason though that I didnt, as if they do take the stops, could bring us a few points lower than that, and why risk it,so overall, it was probably correct, standing by watching the 52's tosee if the buyers reengage like they did yesterday. Long @ 1350.75, my stop is 1348 just below the low, the nyse tick looks like it is rotating upward, volume deltas look as if there drying up a bit, risky trade though, considering we havent bounced quicker off of any stop running, I am moving my stop up to 1349 instead. Stopped out loss of 14. Short 1344@ 10:14, I hate to be short at the lows, but I think 1338-1325 is the new range we will be trading within, my stop is the 1351 where the volume cluster is that sent us lower at the top of the B period. the volume cluster above that is in the 53's- 55's, that is good interday resistance also. OUT @ 10:46 @ 1341 gain 24 pts. The volume on the retest of the low I C priod was less, and NYSE tick was making higher lows. I missed some trading opportunities in the consoliation also, seem to be lacking energy as compared to the the last few days. We are back at the C period high, Short at 11;01 @ 1347 .25, my stop is the volume cluster above us in the 1351's, 1351.50 to be exact. So much for the open drive down day, I still think that my the close we have a good shot to close the gap in the high 30's. UPDATE @ 11:14 I am moving my stop down to the recent high's, at 1349. If the market cant break down here, it will consolidate and possibly test teh higher volume cluster in the 54's, so why risk any more than the recent retracement high? OUT @ 1342.50 @ 11:37 GAIN . We had a pause in the selling pressure on the retest of the lows, I think I am going to get back short though, no much buying down here, short @ 1341.25 @ 11:38, my stop is 1344 UPDATE @ 11:48, WE ALMOST GOT STOPPED OUT, BUT WE ARE TRADING IN THE 41'S NOW, MAYBEWE WILL GET ENOUGH VOLUME TO BREAK TO CLOSE THE GAP AT 1338, THAT IS MY FIRST TARGET. NOT ENOUGH SELLING PRESSURE YET,STOPPED OUT LOSS 22 PTS. Looking back at that last trade, was a clear mistake, I had the buy signals in place, but ignored them thinking we were ready tobreak down, that cost me a 22 pt loss, and a 40 pt gain, so in other words, instead of having a 4 pt gain for the day so far, I would have had a 66 pts day, I wont forget that mistake today. Short @ 1346 @ 12:05, we are right at teh volume cluster in the D period that sent us lower back toward the 40 area, my stop is the volume cluster at the 51's, to be exact, my stop is 1352. my target is the lows at the 1340 area. UPDATE @ 12:30, Volume is picking up in the end of F period into G period, we are in the 41's-42's, lets hold on to see if we break teh lows here or is passive buying reoccurs~~The tick is noticably weaking, we are stalling agian down here,OUT @ 1342.75 Gain 26 pts, UPDATE @12:38. there is no buying down here at all, I will be looking to short agian near the 45's if we can get there~~Short @ 1342 @ 12:39, this looks like it wants to break, my stop is 1346, this is a bit risky as the signals are not completely clear, but I think it is worth a short with the 46 stop, if it doesnt break soon, I may get out and wait for the 46's UPDATE @ 12:44, WE ARE BREAKING NOW, TRADING THE 39'S ON INCREASING VOLUME. Damn, it looks like they took the stops below the lows of the day, as we die? trading teh 39's for 2 seconds? The tick is weaking though~~I am moving my stop down to 1344. OUT @ 12:49 @1341.25 Gain 6 pts, no continuation, I will wait for the 45's to short agian~~ This market doesnt seem to have any buying interest, it cant even hit teh 2nd SD above the mean before reversing, I need to get short here somewhere~~Short @ 1341, with a stop at the 1345, not the best trade location, but lets see it we can close the gap and continue to the low 1330's. UPDATE @ 1:05, THEY ALMOST GOT ME ON THE1345 STOP, TRADING 43.50 NOW, It seems that the market needs to go a little higher before breaking, my guess if I get stopped out is the volume cluster in the 47's or the 51's. Standing by~~stopped out loss 32 pts. Damn righ to the tick! Lets try this agian, short @ 1344 @ 1:20, stop is 1347.50 above a volume cluster in the D period the price in the E and F period couldnt get past. My target is the 38's at least. UPDATE @ 1:56, WE ARE TESTING THE LOWS, BUT ON LIGHT VOLUME, THIS IS A PROBLEM, WE NEED VOLUME, OUT @ 1341.25 GAIN 22 PTS. I will be standing by looking at the volume~~short @ 1342 @ 1:59, one more try, stop at 1345. We are bounceing in a 4 point range in this J period, intersting, this could be the beginning of the break to the 1330's, we will see, volume is light so far~this is rediculas, right to the tick,, stopped out loss 24 pts, Short @ 1344, @ 2:04,stop @ 1347.50. If this trade doesnt work, I am going to call it a day, 10 trades and all I have is 2 points and 400 dollars in commission? Damn! UPDATE @ 2:26, I am stopped out! loss 28 PTS. Short @ 2:28 @ 1346, my stop is above the volume cluster of the B period that sent us lower earlier at 1352. this is my last trade, I am getting mad, and that is not a good sign, I still think we can break into the 1330's though~~OUT @ 1311 @3:12, I CANT TAKE IT ANY MORE! oNE LAST TRADE, I CANT END ON A LOSING DAY, NOT AFTER ALL THIS WORK, THE REVENAGE TRADE! lol, LONG @ 1340.25 @ 3:26, MY STOP IS 1339 THE RECENT LOW. MY TARGET IS THE 1344'S OR 45'S OR THE CLOSE OR THE STOP! WHAT A FITTING WAY TO END THE DAY, LOSS 10PTS

GOOD TRADING TO YOU!

TOTAL LOSS FOR THE DAY 20 PTS

6/12

I missed the rally up to the 52's, but just above us is the volume cluster that sent us lower yesterday, up in the 54-55's, standing by, the 50-55's should offer resistance, Short 1350.75 @ 9:50, my stop is above that cluster from the A period yesterday at 1356. The tick though is surprisingly strong, trading the 53's now on increasing volume, this is not good, but we will stand my our stop. The XLF is very strong, I think I am in trouble on this trade. I mentioned yesterday that I thought the profile had the charteristics of a long liquidation and not new selling, but didnt take advantage of it at the open and ride the wave of buying upto resistance. Once agian, I am early and didnt wait for the test of the cluster, we almost got stopped out, i need to wait for a test of the center or the low or high of those clusters, 53.75 was the low of the cluster, 1355.50 was the high of that cluster. Where did we trade to? 55.50! OUT AND REVERSE @ 1350.50 @10:56, my stop is 1348.50 below the low of the last 5 minute bar. GAIN 2 PTS. The volume dried up and we culdnt even make it below the B period low, and a signal on the tick showed up, a higher low, less selling volume and an indesive 5 minute bar. UPDATE @ 11:04 We are trading in the 54s, OUT @ 1353.50, I am not going to reverse, as there is no clear signal, but I will look for a short in the 55's if they hold. Gain 24 pts. Short @ 11:07 @ 1354, my stop is above the high at 1357. UPDATE @ 11:10, I am moving my stop down to 1355. UPDATE @ 11:58, THIS IS A REALLY SLOW MARKET TODAY, I AM GOING TO TAKE MY POINTS AND REST, NOT FEELING WELL TODAY, AND HAVE A LOT OF WORK TO DO LATER MOVING. OUT @ 1350.50, gain 28 pts. Good trading to you. I am back at the desk, Long 1344.25 @ 1:58, only risking to below teh low of the I period and A period to 1343. That is my stop. I see while I was gone, after I got out at 1350.50 the market broke down to test the other end of value. I missed out on another 40 pts on that one! My target is the near the point of control in the low 50's. There is some volume that took us down to the lows here, from the 1348's also, so that is an area to watch. If we break below the lows here, I think we can fill the gap in the 36-38 range, Stending by, my stop might get hit here as it is close, probably to close, Stopped out, loss of 10 pts. One more try, Long @ 1342.50 @ 2:07, the stop is 1342. My target is the same, in the low 50's. I cant wait around, I am OUT @ 1344.50 @ 2:34 GAIN 16 PTS, Thats all for today, Good trading to you! Back at the desk, they closed the gap, Long @ 3:31 @1335.75 my stop is 1333 below the low of L period . My target is the L period high in the 1343's. they ran the stops below yesterdays low, and the tick rallied at the new low, with a higher close and a touch above the mean, the low came on exhasustion type volume deltas. UPDATE @ 3:55, WE ARE CONSOLIDATING AT THE 1341'S, out @ 1341.75, gain

TOTAL GAIN FOR THE DAY 110 PTS

6/13

I am short in the A period @ 1349.75 @ 9:34, My stop is 1355 at the volume cluster that sent us down over the last couple of days, my target is the gap in the low 1340's . OUT @ 9:51 @1345.25, THE VOLUME DELTAS ARE FLAT ON THE LAST 5 MIN BAR, WILL LOOK TO REENTER HIGHER, Gain 36 pts. Short @ 1351 @ 9:59, . My stop is above the A period high and the volume cluster from yesterday that is in the 1355 area. Stop is 1356. I looks like a rotational floor driven open, there is support down in the 45's and resistance from the 50-55's. There is a big divergence in the XLF also. UPDATE @10:03, THERE IS A LOT OF VOLUME COMING IN, DESPITE THE DIVERGENCE, I MAY BE ON THE WRONG SIDE OF THIS TRADE, WE WILL SEE HOW THE 55'S ACT, STOPPED OUT, @ 1356, DAMN, LOOKING FOR A RETRACEMENT TO GET LONG. LOSS 40 PTS. The volume cluster that just gave way in the 55-56 would be my entry to the long side, trading the 56's now~~, LONG @ 1357 @ 10:08. The last to days may have been enough balance for the shorts to cover. Lots of stat high volume is coming in the market, and the XLB, XLF, XLE are all in concert. My stop is 1351 a wide stop but the market is volitle, that is where the second leg of buying came in. The NYSE tick is strong~If the shorts cover from the 6/9 and 6/10 volume clusters we could very well test the low 1380's to mid 1380's from the 6/6 profile today. I am moving my stop up to 1354 @ 10:24 as we pause~~well, we got stopped out, the c period didnt act as though we were building a volume cluster for a trend day, surprising, lets see if the 54's hold!~~ loss 24 pts. The 1347 or the 131's would be a resonable reentry to the long side is the 54's or 55's dont hold. My orginal stop was the 1351 tick. Damn look at that, LONG @ 11:00 @ 1357, 1353.50 was the low on the retracement leg, amazing, I moved my stop to early, MY NEW STOP IS MY OLD STOP AT 1351. LOL ! UPDATE @ 12:44, the "P" formation seems to point to short covering and not new buying, our stop at 1351 might get hit, but I am not going to sell the afternoon low, lets see if more short covering takes place down here in the 51-53 area. If we get back up to the volume cluster in the 56-61's, there might be a chance to extend the range with more short covering into the close. The only other volume cluster is down in the A period is in the 45-47's area which may offer support, aruging for a close by the POC, as a balancing day instead of a trending day is at hand, Standing by~~we are getting close to being stopped out, trading the 51's. Figures with one of the larger stops of recent is the day there is no follow through! The 51.50's ia the .618 retracement the 1348's are the 76.4 retracement. Stopped out, loss 48 pts. Well I think we can say that the rush of volume in the first hour was short covering, the mistake I made was not dumping the position afer the , C, D, E period did not make higher highs, at the least I should have moved my stop up to the low of the F period in the 54's or so. I also missed a nice signal at the highs on my 5000 delta footprint chart as early as 10:30 AM, boy how did I miss that one. I should have exited and reversed. I also missed a signal at 11:30to get short, my oh my, poor exectuion today. LONG @ 1350 @1:11, we hit the 76.4 retracement and just above the volume cluster from A period we got passive buying volume, my stop is below that cluster at 1345. My target is the 1357's or the POC.UPDATE @ 3:25, We are trading up in the 56's, I am going to hold for a bit more to see if we can test the 59's~UPDATE @ 3:46, AFTER A LITTLE RETRACEMENT TO THE 51'S, WE ARE IN THE 59'S, HOLDING A BIT LONGER EXPECTING MORE SHORT COVERING INTO THE WEEKEND. OUT @ 1362 @ 4:01, GAIN 96 PTS, YEA, I AM GREEN! GOOD TRADING TO YOU!

TOTAL GAIN FOR THE DAY 20 PTS

6/16

I am long in the B period @ 1356 @ 10:06, My stop is 1352, below the A period low. My target is the volume cluster from friday in the 61's-62's. the NYSE tick made a lower low, but price didnt budge with no negative voulme deltas, and the XLF is diverging. the tick is building strength and we have a multicolored 5000 delta footprint that closed at 10:08 confiming the lack of selling. If we grind through the 61's-62's, I would say we will trend higher to test the 1380's UPDATE @ 10:20, We are grinding through the 60's, the XLB AND XLE are following the s& p and the XLF, all signs of a trending day. UPDATE @ 10:51, We are trading the 61's, so far it looks like we are trending, I am going to stay with this position at least to the 69's, and reevaulate then. I am moving my stop up to 1354. UPDATE @ 11:29, OUT @ 1360 @ 11:29, I have to step away for a bit, I dont like the fact that D period didnt make a higher high, there is support in the 55's-56's. Gain 32 pts. Long @ 12:46 @ 1359.25, my stop is 1356.50 below the C and F period low. One the retest of the 58's there was less negative volume deltas, and a higher tick low as price retested the low in the 1358's, my target is the C and D period high's in the 63's. UPDATE @ 12:57, WE ARE TRADING IN THE 62's, but the XLF is diverging. Standing by~~OUT @ 1361,i DONT LIKE THE TICK PATTERN, IT LOOKS HESITENT UP HERE, I AM TAKING MY POINTS Gain 14 pts. Short @ 12:56 @1361.50, My stop is above teh G period high @ 1363. My target is the other end of value in teh 55's or 56's where the volume cluster form this morning sent us up to the highs. The NYSE tick had a nice bar form up near the SD above the mean with passive selling in the 62.50's, right near teh nice red block of passive selling near the high on the 5000 delta footprint chart. Thank you market delta! UPDATE @ 1:13 out @ 1358.75, we are stalling after passive buying came in at the 1357's, and low 1358's, Gain 22 pts. We are still diverging on the XLF, Short @ 1:21 @ 1362.25, my stop is above the C and D period high @ 1365. My target is the 1357's. UPDATE @ 1:29, WE ARE TESTING THE HIGHS INT EH 63'S, VOLUME IS COMING IN ON THE RETEST OF THE HIGHS, BUT THERE IS STILL THE DIVERGENCE INTHE XLF, LOOKS LIKE WE MIGHT HAVE TO REENTER, STOPPED OUT, LOSS 22 PTS. Short @ 1366.50 @ 1:34, my stop is above the volume cluster from 6/9 in the 68's thru the 70's @ 1371, This trade carry's a bit more risk, as there is no clear signal, just an area that should offer resistance. The Divergence in the XLF is still present. My target is the 59's - 62's. UPDATE @ 1:39 It looks like there is a lot of passive selling in the 66's -67's,some red deltas in the volume analysis and a red 5000 delta footpring is forming, although it is early in its development~~there was a good amount of buying volume that took us up though, I think my stop at the 1371 is well placed. So far today looks like a balancing type of day instead of a trending day. The point of control is down in the 58's and the other end of value is in the 55's. I am expecting a downward rotation. We are restesting the highs on less volume deltas and weaker tick values. UPDATE @ 1:47, our 5000 delta footprint bar has formed at the high with negative delta, trading 3 pts off of the high, expecting our target to get hit in the 59's -62's~~UPDATE @ 2:31, WE ARE TRADING THE 62'S -63'S, Grinding lower, we have a good block of supply that has formed at the high even though we havent sold off much. The 64's to the 67's should offer resistance as does the 70- 72 area/ We will stick with the trade looking for a move back toward the 55's. The tick is weaking and the J period made a lower low, and a lower high, the K period is making a lower high so far, and I am anticpating it making a lower low below the 62.50's, standing by~~UPDATE @ 2:55, THE K PERIOD MADE A HIGHER HIGH, WE ARE RETESTING THE VOLUME CLUSTER THAT FORMED IN THE 64-67 AREA, THIS IS THE TELL TALE SIGN, WHAT IS THE TICK AND VOLUME DOING? Less volume, weaker tick, still expecting a failure up here~~the value area low, has moved up to the 57's 58's, that is my new target area. UPDATE @ 3:48 We are trading the 61's-62's with lackluster trade, OUT 1362.25 @3:47 gain 34 pts. Good trading to you!

TOTAL GAIN FOR THE DAY 80 PTS

6/17

I am short in the A period @ 1367.50 @ 9:32, My stop is 1374 at the volume cluster that sent us down from 6/9, my target is the gap in the low 1360's .we built a quick 5000 negative delta footprint in the first 3 minutes. this is a good sign for getting to the gap below us. the 1370-1372 area offers resistance. We finished the second negative 5000 footprint delta at 9:36, agian, a good sign for weakness. UPDATE @ 9:50, I am moving my stop down to 1371, just above the high. UPDATE @ 10:05, there is no follow though onthe selling, I am moving my stop down to 1371 incase they run the stops over the high of 6/9. UPDATE @ 10:23, WE ARE PRESSING TOWARD THE GAP, WE ARE TRADING IN THE CLOSING RANGE ATE THE 61'S. I am looking for continuation with the volume deltas and the tick. The XLB XLE and XLF are in concert to a degree, we may test the 55's agian today. OUT @ 1361.50 @ 10:31, SELLING IS DRYING UP AT THE GAP, GAIN 48PTS. Short @ 1363.25 @ 10:36, my stop is 1367, at the high of the last leg of inititive selling. OUT @ 1362.50 @ 10:45 Gain 6 pts, it seems like the selling is tenative down here. If we test test the 58's, might be a better area for a long on a retracement, but I am taking a few points and going to wait. Long @ 1362.50 @ 10:53, my stop is 1360 below the low's, my target is the volume cluster in the 65's We have more sellers than buyers today, but at the low it is lacking volume. A tight value area, 1366- 1362 is the range for value, so my targets are closer. UPDATE @ 10:57, WE ARE GETTING CLOSE TO MY TARGET, TRADING THE 64'S~~OUT @ 1364.75 @10:58 Gain 18 pts. Short @ 1364.75 @ 11:10, my stop is 1367.25 just above the volume cluster I spoke about, my target is the 1361's. We are also right at the 76.4 retracement from the recent leg down, and the tick is making lower highs, and the buying volume deltas are drying up. UPDATE @ 11:18, Nice let down, big volume delta, they are hitting the bid, trading the 61's, I am going to stay with the trade the XLF is diverging making lower lows. OUT @ 1360.25 @ 11:27 Gain 36 pts . YES, I HIT MY TARGET, AND NOW I AM TRADING 12 CONTRACTS BASED ON MY MONEY MANAGEMENT PROTOCOL. I think on a retracement upward, we might be able to get one more leg down toward the volume cluster that sent us upward yesterday in the 55's-56's. Getting ready to buy here in the 57's-58's~~Long @ 1358.25 @ 11:39, My stop is 1354 below the volume cluster from yesterdays open that sent us higher. My target is 1362.75 the .618 retracement on the recent leg down. UPDATE @ 11:58, We are trying to make a lower low on lighter volume deltas and a strengthing tick, that is not a good combination for continuing lower, standing by with our long and our stop below us at 1354. It would be nice if our first trade with 12 contracts was a winner, if not we are back to 8 until we get over 100 pts on the day. Standing by~~the F period just opened up. UPDATE @ 12:13, WE ARE MOVING UP SLOWLY, I AM MOVING MY STOP UP TO 1356 JUST BELOW THE LOW OF TODAY. There is just no volume moving us either direction at 12:26 pm, having said that I still feel that the volume cluster below us offers support. If I get stopped out, I will see if there is passive buying at the bottom of the cluster in the low 54's~~son of a bitch, stopped out, loss 27 pts. Long @ 1356 @ 12:39, My stop is 1354, where my orginal stop was. The XLF is diverging, and we are right in the heart of the volume cluster, lets see if the buyers reengage~~ My intial target is teh 1359's, where there was enough selling pressure to take us down tothe lows here. UPDATE @ 1:22, WE ARE TRADING THE 59'S, but we broke out of the tick range for the morning session, hitting the 2nd SD for the first time. I think we can test the other end of value in the mid 60's so that is my new target. I am moving my stop to break even at 1356. I am also trading 12 contracts on this trade, since we got right back in and our original stop was never hit. Standing by for a nice finish to the day~~The J period just opened up, there was two sided trade most of I period in the 58's -61's, considering the tick is getting stronger, I would say the probabilty that we reach the 1364's is getting better, if the tick starts to weaken though we might die around the 59's which is the Point of Control (POC). On the ten day profile, the POC is right here in the 1360 area, upper value is 1372,lower value is 1340. I am moving my stop up to 1358 to lock in profit if we break down under the I period low. Stopped out @ 2:09, gain 24 pts. I am buying the 59's agian, no follow through, passive buying is coming in in the 58's-59's, Long 1359 @ 2:12, my stop is 1357. My target is the other end of value in the 1363's. I am moving my stop to 1355.50, that makes more sense. That is below the last upthrust near the H period low. UPDATE @ 2:31, We are retesting the 56's, getting close to our stop, this afternoon has been hard to trade, not much conviction from the buyers at the 55's or the sellers from the resistance at the high sixties. No follow through in either direction nor much rotation within any 30 minute period., If we get back to the 59's, I may flatten this trade and call it a day. OUT @ 1359, BREAKEVEN, THAT IS ALL FOR ME, GOOD TRADING TO YOU!

TOTAL GAIN FOR THE DAY 105 PTS

6/18

I am long in the B period @ 1342.50 @ 10:03, My stop is 1341, just below the B period low. On 6/12,we closed with a good volume cluster in the 42's that sent us higher over the next days. My target is near the gap up in the low 50's. If I get stopped out, the 35's-38's also look interesting for a long. Stopped out, loss 18 pts. Long 1340.75 @ 10:34, lets try this agian, we are at the lower limits of the day distribution. My stop is 1336.50 my target is the low 50's. stopped out right to tick! loss 51 pts. One more time, long @ 1337.50 @ 10:56, my stop is close @ 1335. We tested the lower limit, my stop was to close, my entry to early, the 2 tpo line was 38.50, that was the better entry. we have a lower low in price, but thetick is making higher lows. and the volume deltas are increasingly positive. we are back in the 5 day balance, looks like a false breakout, If we can get over teh C period high, the target in the low 50s is the POC of that 5 day overlay. OUT @ 1341.75 @ 11:15, i DONT LIKE WHAT i SEE IN THE TICK. A 2ND SD HIT RIGHT AT THE C PERIOD HIGH. Gain 51 pts. Short @ 1341.75, my stop is close at 1344, my target is the D period low at the 37's-38's. UPDATE @ 11;32, i AM REVERSING AT 1341.75, BREAKEVEN, NOW I AM LONG @ 1341.75 WITH A 1340 STOP. The E period opened up in the middle of D period, and the tick is stronger now heading into E period. My target is the low 50's as I mentioned earlier. OUT @ 1343.75 @11:41 GAIN 24 PTS. Short @ 1345.50, my stop is 1348.75, ABOVE THE E PERIOD HIGH. My targer is the 1341's. I think we can still fill the gap in the 1352's-53's, but I wouldnt be surprised if we test the volume cluster in the 41's first. UPDATE @ 12:28, We are stalling in the 43's near the POC for the day in the 44's. OUT @ 1343.25 @ 12:29. GAIN 27 PTS. I would consider a long in the volume cluster below us in the 41's, expecting a rotation toward the highs of the day~~Long @ 1344.25 @ 12:33, my stop is below the cluster @ 1340.50. My target is over the A and E period high or the gap in the low 50's~stopped out loss 45 pts. Long @ 12:54 @ 1341, my stop is the 1337, below the low of the C period volume cluster. My target is the gap in the low 50's. well, my short at the 1345.50 was a good short entry, the exit and the next two trades were terrible. We are taking the stops below the market now, stopped out loss, 48 pts. Long @ 1336.50 @ 1:18, my stop is 1334, my target is the high for the day. The XLF is diverging, I think they ran the stops, volume is drying up down here at thw low. OUT @ 1340.50 @2:11, GAIN 48 PTS, We have a 2nd hit at the 2nd SD above the mean on the tick, with a bar with a lower high, and a higher high in price. The 41's are right at the price area before the last leg down. Now a hit on the 2nd SD below the mean making lower lows in price, looking for a long somewhere here~~ long @ 1336 @ 2:25 My stop is at 1334, I think they took the stops agian, my target is the 41's, the J period high. UPDATE @ 2:39, I AM MOVING MY STOP UP TO BREAK EVEN AT 1336, WE ARE BREAKING UP WITH INCREASED VOLUME DELTA'S, IF WE BREAK OVER THE J PERIOD HIGH, WE COULD VERY WELL HAVE SOME SHORT COVERING UP NEAR THE LOW 1350'S NEAR THE GAP~~UPDATE @ 2;53, WE ARE UP AT A SLIGHT RESISTANCE AREA, BUT TEHE xlf IS DIVERGING. I am holding to the 45's at least. UPDATE @ 3:22 OUT @ 1346, gain 120 pts. Thats it for me, Good trading to you!