Observe & Trade*

Tuesday, January 25, 2011

A dramatic surge from the whole market index today.

Any of the four core index can make money in trading today.

The market is in the red today partly because of the news about the iPad creator.

Showing the 5-min. chart from the three leading core markets.

The Dow (YM) was not that smooth to trade today for its bubbly.

TF, NQ and the ES were on a smooth ride to the bottom.

Trading any of them in the open can make you a nice paycheck for the day.

A mixed reaction from the core index market today.

DIA (YM) made a nice upward movement in the open and formed a bull flag at 10:00 am.

QQQQ (NQ) open below the previous close but made a triangle formed like for a bullish signal.

SPY (ES) was a little bit choppy and was not a good index to trade today.

Russell 2000 made an ugly move early but recovered late in the close.

Based from observation, there are tradeable pattern today but with cautious play.

Showing 5-min. charts from the three core market indexes.

Not much noise to trade last Friday except in the first hour.

It's a very smooth upward movement!