Day Trading 6/30/09
So much for “window dressing’. Any fund managers entering long positions were drowned out by a suprisingly weak Consumer Confidence report. The SPX was flat at the open and we were hands off until the report came out. Once the downtrend was confirmed we jumped on board. The rest of the day was untradeable aside from a couple small scalps.
This is all normal for a holiday shortened week at the end of the quarter. Hopefully everyone took our advice and focused their trading on the morning followed by playing defence in the afternoon. For the rest of the week continue to follow the plan because we expect much of the same conditions. In fact, we advise everyone to start your weekend around 11AM on Thursday unless the indicies are flying.
Dedicated to Maximizing Your Profits,
ShogunTrading.com
