by Larry Levin
Well that was some rally today! I watched a bloodbath in the S&P pit as most traders tried to find a top and sell short all day long.
There was no finding a top today as this market rallied strongly up until the end. Big institutional buying took place and the only selling I could see was from independent traders like myself. The Merrill Lynch's of the world were all buyers today.
But it sets up for a possible reversal tomorrow with the PPI number. If we get a bad number, we could easily give a lot of these gains back. That will be the first thing I will be thinking about on Wed. morning!
Real Time Trading Signals*for
Trade Date: 11/13/07
E-Mini S&P Trades*
(before fees and commissions):
10:35 VA Sell 65.50 = +.75, +2.25, +3.25
1:20 Ft Buy 9.25 = +.75, +2.00, +3.00
E-Mini Russell Trades*
(before fees and commissions):
Not available at this time.
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