I have published a Mid Day Update showing the technicals of today.  Based on the trade set up yesterday morning mid term 'cautious' traders had an entry.  Last night's update gave technical disciplined analysis to show that if you entered the trade for a mid term or 'swing' trade you should still be open.  Today's update shows what we are looking for in the DOW to confirm the trade taken in the QQQQ (Nasdaq).  I also show some fibonaccci target areas for the QQQQ.

 

One day profit of $.99 as of Thursday's Close. I show potential 'bounce' areas and how to use trend lines as a stop to lock in profits..

 

 

 

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Update posted by market open Thursday Morning.

 

In tonight's update I have done a follow up to last night's explanation of the most common technique we use to get triggered in to trades.  Keep in mind the technique shown last night can be used for entering either LONG SIDE or SHORT SIDE trades.  Based on last night's set up you 'could' still be open a position from Wednesday's Trading day. The position closed in the black.  As a 'day trader' I suggest keeping NO trades open over night.. just take your piece of the pie each day using disciplined methods to enter, place a stop, and exit.  Tonight in the follow up I am assuming that the position is still open and will show follow through analysis and disciplines that can be used to lock in profits and maximize gains.

 

 

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