Consolidation Yesterday's slingshot trade succumbed to a retest of yesterday's lows, and produced an inside day as anticipated. We felt with Rosh Hashana markets would be relatively quiet. 96.75 Target 2 was suggested as a wrap for shorts, and conservative...

FED Up The market took some profits today and closed the 2497.25 gap, but the 92/94 zone we thought might hold did and ran all the way back up the news pole. Today was a a daytrader's dream after being so rangebound the past few days. The goal was to be...

Lazy Day No leap in the frogs today. Narrow range day was atrocious by any stretch of the imagination. Discipline was the key word as we await the FOMC announcement on Wednesday. We warned traders not to overcompensate for lack of range by increasing...