by Larry Levin
We saw some very strong buying in the late afternoon. Most S&P traders had their hands facing inwards which means they are trying to buy the market.
Whether they were buying to get long or scrambling to get out of the shorts, they were all buying in that last hour.
I watched a ton of institutional buying come in and if you were short the S&P's you had better have reacted very quickly.
Tomorrow gives us another home sales reports at 9:00 a.m. and those are my favorite reports. The best pieces of economic data are the items that come out while the market is OPEN!
Did you know most people have no idea how to trade an economic report. At Secrets of Traders we teach are students exactly what they are supposed to do!
Real Time Trading Signals*for
Trade Date: 10/23/07
E-Mini S&P Trades*
(before fees and commissions):
8:32 b/a Buy 21,75 = +.75, +.25, +.25
9:49 ID VA Buy 19.75 = +.75, -.75, -.75
10:18 VA BUy +.75, -.75, -.75
10:27 VA Sell 12.50 = +.75, -.50, -.50
10:57 ID VA Sell 17.25 - -1.50 all
12:54 ID VA Buy 15.50 = +.75, +2.25, +4.75
1:41 ENG BUy 20.75 = +.75, 1.50, -1.50
E-Mini Russell Trades*
(before fees and commissions):
1) Buy @ 9:04am at 818.3 = +.8 & +1.0
2) Buy @ 9:10am at 818.6 = +.5 & -.3
3) Sell @ 9:34am at 818.1 = +.5, +1.0, +2.5
4) Sell @ 9:48am at 816.7 = b/e, +.5, +1.7
5) Buy @ 10:58am at 812.3 = +.5 & b/e
6) Buy @ 11:41am at 812.7 = +.8 (1 lot)
7) Buy @ 12:28pm at 812.6 = +.5 & +1.0
8) Buy @ 2:07pm at 816.3 = -.5, -1.1, -1.1
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