Morning Es Trading
Monday's Market Review
The most important part of Monday's trade plan required traders to click the link taking them back to Friday's report, and then devoting just a few minutes to reviewing that session's four points to framing a trade plan. As you'll recall, my general thesis was that an E-mini S&P 500 probe above 1418.50 would target 1423.50 and 1427.25, but that market players would ultimately sell into said probe. Simply put, it was my belief that the declining peaks and valleys, declining 50-day simple moving average and generally overbought condition of the entire market would result in a wave of supply hitting the market as buyers attempted to put in a new swing high....824 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.