MASTERING THE DOW FUTURES, YM

Traded YM Futures in the Globex market at midnight Pacific Time and made 48 points.

The reason YM was traded in the Globex is that there is a tendency it might rally or compensate the losses it incur during the regular trading.

Dow Futures lost around 300 points plus in the regular trading.

Based from my studies, whenever it drops a big points in the regular trading, it will recover somewhat in the Globex.

Shown is the chart that was traded in the Globex, the entry was at 11769 and the exit was at 11831.

TRADE SUMMARY

Showing the short trade conducted today.

The sell short was at the price above with the cover below.

A sell off market today, the bears are in control.

An ugly market movement today.

The market (YM) drops early in the morning from the Globex and into the regular open.

As of now, there is no indication it might turn around for the bears are aggressively in control.

Lots of selling from the participants, and there is no way for in home ordinary traders can do something.

The HFT or the quants are controlling the market right now.

Better to stay on the sidelines and just watch the market do its thing.

The market (YM) made a nice reversal again today, same as in the previous trading days.

It looks like it formed again? a cup with a handle pattern.

If you've been patient enough to wait for a longer hours of watching the market, you can spot a good setup like this one.

TRADE SUMMARY

After six tries of trading the market today, I finally recover the early losses and still lost a few because of poorly guess on my trailing stop.

The market was unpredictable today for it gave up some gain again in the open.

It's the same pattern as in the previous trading days range.

Showing the chart today wherein I got stopped out from the big red bar (with the arrow on top) which I made a mistake on putting close my trailing stop.

Made a big mistake there.

US stock futures edge higher ahead of Italian vote

US stock futures edge higher ahead of confidence vote in Italy
NEW YORK (AP) -- U.S. stock futures are edging higher ahead of a key confidence vote in Italy.

Italian bond yields spiked this week, a sign that Europe's debt crisis is far from over. Unlike Greece, Portugal or Ireland -- all of which received financial lifelines -- Italy has too much debt to be rescued by its European neighbors.

Italian Premier Silvio Berlusconi's main coalition ally urged him to step aside Tuesday ahead of a vote that could force his resignation. Many investors believe a new government would enact additional austerity measures.

Dow futures were up 65 points, or 0.5 percent, to 12,073 two hours before the market opened. S&P 500 futures rose 7, or 0.6 percent, to 1,264. Nasdaq 100 futures gained 19, or 0.8 percent, to 2,388.

The market made a nice u-turn late into the trading day for it was pummelled by the bears after the open.

It's a very volatile market and day traders love the market swings.

Investors are having a hard time coping with the high volatility the market brings.

The market is still in the range and it take more sentiments on the part of the participants for the market to go higher.