TeachTalkTrade.com
Member Login View Cart Checkout

Weblogs
Features
Search

News/Information
Archives

XML-Sitemap
Valid XHTML 1.0 Strict
Valid CSS
Valid RSS

RSS Applied


 

Teach Talk Trade S&P Futures E-mini Day Trading & Technical Analysis

Bookmark Subscribe

Dow Directions 12/16/08

December 16th, 2008 by Uncle Mike

Day Trading the S&P emini futuresWell I guess I will be a parrot again…. Another wild day on Wall Street. We had a bullish engulfing candle  put in today on the Dow. This does bodes well for tomorrow and prices would tend to extend in the same direction based upon this bullish candle formation. We closed just above the 61.8% retracement level. Visit my swing trading subscription page for daytrading the S&P.

The momentum oscillators are still heading to the upside but have turned neutral today. The moving averages are still moving sideways and that would suggest that there is indecision.

Please take advantage of the FREE TRIAL to my Swing Trading Subscription The Mechanical Monkey where we discuss and trade mechanically NASDAQ issues.

Aslo check out the  new software product for Tradestation, My Trade Assistant, it is an Indicator Add on and it is like trading on Steriods!

Uncle Mike

PS Check out our “Trade As A Business” course ( www.teachtalktrade.com/business_plan1.html ) as we will be starting a new course in the comming weeks.

Relevant Tags:, , , , , , , , , , , , ,
 
icon for podpress  Dow Directions & day trading the S&P eminis: Play Now | Play in Popup | Download (168)
Posted on Tuesday, December 16th, 2008 at 5:55 pm In
Dow Directions, Day Trading  

Leave a Reply

You must be logged in to post a comment.

 
Disclaimer "Teach-Talk-trade": Readers are advised that this site is issued solely for informational purposes and the education of traders and investors. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. Neither "Teach-Talk-trade" nor Steve Karnish or Mike Rocheleau is registered as an investment advisor. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. "Teach-Talk-Trade" encourages readers and investors to supplement the information at this site with independent research and other professional advice. You can lose all or part of your initial investment. Never risk money that you can't afford to lose when trading securities.