Go Back   Sports Handicapping at cappersmall > > >

Notices

Stocks Discuss stock trading, tips & the market

Likes Likes:  0
Reply
 
Thread Tools Display Modes
  #1  
Old 03-29-2017, 03:15 AM
AuburnKid AuburnKid is online now
CM SEC Finals winner
 
Join Date: Dec 2016
Location: Auburn, Alabama
Posts: 1,289
Rewards: 425
Post Thanks / Like
Likes (Given): 337
Likes (Received): 343
DJIA futures are not falling tonight

What I call a "Failure to Fall" after an index goes up is, in my opinion, a sign that the trend will continue the following day session.

After a number of down days, the June DJIA contract started up @ 9:05 3/28/2017 to 20,535. This was followed by a 40 point drawdown most likely from Bears that were seeing every rise as a "selling opportunity".

When I saw the dow go back up, I bought 2 June DJAI $5 mini contracts (/YMM7). I like to buy or sell if going short an even number of contracts. Then if you are right, you can sell one contract for a sure profit and put a buy stop GTC just above the entry price hopefully to let the trend continue.
Reply With Quote
  #2  
Old 03-29-2017, 04:42 AM
AuburnKid AuburnKid is online now
CM SEC Finals winner
 
Join Date: Dec 2016
Location: Auburn, Alabama
Posts: 1,289
Rewards: 425
Post Thanks / Like
Likes (Given): 337
Likes (Received): 343
Nevermind. The DJIA has fallen 50 points breaking the trend these last two hours. I am out of my position.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 07:56 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Resources saved on this page: MySQL 15.00% Host: cappersmallweb2