Thursday, January 14, 2010














- Today was a choppy advance with buyers aggressive, see tick activity in green.
- VWAP held price all day with the EMAs 10>20>50 and an ascending trend-line intact.
- Notice the little bull flags during ascent.
- All time highs taken out , and I'm looking to hold a swing long overnight on half. Intel earnings good, so looking for a little more boost tomorrow.

conclusion:
- Long @ 1142.5 ,stops below previous day's close and VWAP
- target 1 previous high and then R1
- 1 targets hit, holding the rest overnight

Tally:
+ 3 ES points (150/contract)

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