Moving the stop to break even at 11535...trade looking good...

Putting sell limit at 11575...

Moving the stop to 11525...

Bought YM at 11535 with stop at 11510...

The market (YM) is sustaining its momentum from yesterday's price action as shown from this 5-min. chart from the Globex.

I guess a volatile regular trading today.

It might be the right time to make a position/entry for a swing trade.

Let's see in the open if we can find the right location to put on a trade.

Yesterday's trade was not quite successful for the market already made its turn early in the open, so no more fire to ignite.

Attention: Facebook Fanatics...

Facebook plans IPO between April and June: report



(Reuters) - Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter.

The social media giant is considering raising as much as $10 billion in its IPO, the report said.

Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO.

Facebook's CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO, the Journal said.

I guess the market runs out of strength after it surge in the open.

It was on a roll since the market open in the pit late Sunday afternoon.

It runs out of steam in the regular open.

It's a like a horse who started so fast in the early lap then suddenly lagged behind.