Bungee Jumping Day…. The NDX 100 opened higher at 2979 , dropped 24 points and rallied all the way to 2986 closing 0.56% positive. Market participants are moving the market all over as there is very little economic news today. Tomorrow´s FOMC minutes will allow traders to asses the report for guidance. On the energy front WTI is still trading at high levels and any attempt to fall is met with strong buys as the geopolitical situation in Egypt has not ceased. At current levels we prefer short positions on spikes.
Today´s Profit USD 245 (Portfolio Size: USD 25,000)
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- Chart of the week : Brent Vs WTI … back to pre-2011 levels! (solfuels.wordpress.com)
- EIA Raises 2013 WTI Crude Price Estimate (247wallst.com)