Today´s Trading September 19, 2012

ndx0919

The NDX-100 traded sideways after yesterday´s rally.  Reuters mentioned: “It’s not unusual, no matter what the circumstance is, for markets after a big up day or a big down day to level out,” said Keith Bliss, senior vice-president at Cuttone & Co in New York. “You are going to have people re-evaluating right here because once again we are in uncharted territory.” We shorted on spikes as we believe that the market is extremely overbought. CNBC stated that  some important momentum indicators are flashing warnings after the stock market’s explosive move to new highs this week.

Today´s Profit USD 240 (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

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