Before the opening, the NDX-100 futures were trading significantly lower but by the time the market opened it had recouped most of its losses. As stated yesterday we were worried that any good economic news may give the market an opportunity to rally and so it did as Unemployment and Retail Sales came in better than expected. As you can see in the graph, todays market trend was upward all day, with little to no corrections. At this levels we feel more confident on taking shorts positions on any spike.
Total Profit: USD 154 (Portfolio Size: USD 25000)