Thursday's Market Trade

The market drops down today due to unfavorable reports from the governments healthcare law and from overseas woes.

Shown is the 5-min chart where the most probable short entry is at S3 (support) level with the cover at the lower arrow.

I think that's the most the market can go lower today because of the big gap when it went down in the open.

But who knows?

Wednesday's Market Conclusion

The market made a tight consolidation within the R2 level only to lose its grip and went downside.

Lack of follow through from the bulls.

Market sentiments is still in quandary.

Shown is the 5-min. chart that attest the participants lack of conviction.

Wednesday's Trade Entry

The market gap up today and shown is the 5-min. entry point for a long trade.

Let's see how it goes.

Tuesday's Market Conclusion

A choppy market moves in today's trading.

The open entry got stopped out.

Shown is the 5-min. market conclusion where it closed on the positive side.

That's how the market is, it's all about probabilities.

Tuesday's Trade Entry Point

The market gap up today and shown is the 1-min. chart entry point for a long trade.

Let's see how it goes.

Monday's Market Trade

The market drops hard today and shown is the 5-min. trade.

Shorted at the upper arrow and cover at the lower arrow, S3.

Trading Facebook (FB)

I mentioned from my previous posts that to get involved personally in the FB IPO is just to trade not to invest.

And now looking at this latest chart, it's really a good way to trade.

I mentioned also that when it consolidates at the price of $27.00, FB is a buy...buy...buy...

So if you bought it at $27.00 then, you are now raking some smart profit.

Just take a look at this latest chart (1-hr) and make your own judgment that trading it is the better way.

Just wait for the right timing, that's why technical analysis is better than the fundamentals.

Trade what you see as they always emphasized in trading.