No News Is Good News!

by Larry Levin

Well I really find it quite interesting that after all the bad news this market is still able to just keep climbing that hill. What I mean by that is this market fights off credit issues, high oil prices, and a slew of other bad pieces of news.

But regardless it still finds days to rally like it did today. You've got to give it credit, it knows where it wants to go, and today it wanted to go higher, no question about it.

The big question has to be if we can keep going up. We didn't really get above (or stay above) the 1525 level, so that's the first place to look. Let's see what happens tomorrow.

Real Time Trading Signals*for

Trade Date: 11/6/07

E-Mini S&P Trades*
(before fees and commissions):

9:30 VA Buy 11.75 = -1.75 all

11:18 VA Sell 11.75 = -1.50 all

12:54 FT Buy 15.75 = -1.50 all

1:12 ENG Buy 14.75 = +.75, b/e

1:51 ENG Sell 14.50 = +75, b/e, b/e

2:17 ID VA Sell 6.25 = +.75, -1.75

E-Mini Russell Trades*
(before fees and commissions):

1) Buy @ 8:37am at 793.7 = +.5 & -.6

2) Sell @ 8:44am at 794.1 = +1.0 & +3.6

3) Sell @ 8:49am at 793.3 = +1.0 (1 lot)

4) Sell @ 8:56am at 792.0 = -.5 (1 lot)

5) Sell @ 9:14am at 792.1 = -.1, b/e, b/e

6) Sell @ 9:27am at 791.1 = +.6 (1 lot)

7) Sell @ 9:36am at 789.6 = +.5 (1 lot)

8) Buy @ 10:12am at 788.2 = +.3 & b/e

9) Buy @ 10:57am at 788.4 = +.7 & -1.3

10) Sell @ 11:08am at 788.2 = +.5 (1 lot)

11) Sell @ 11:12am at 788.5 = -1.2 & -1.2

12) Buy @ 1:37pm at 794.3 = +.6 & -.6

13) Buy @ 1:59pm at 794.8 = +1.0 & b/e

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