ckaldotin's  Instablog

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I am an economist with over 12 years of experience as Consultant,Lecturer, Researcher in area of Enery & development Economics in India, USA,UK and Bhutan. and a self Trained tarot card reader focussing mainly on Intra day predictions of US and Indian stock market indices. I less frequently make... More
  • Making Money Day Trading- Wednesday sept 22 0 comments
    Sep 22, 2010 10:48 AM | about stocks: QQQ, SPY, SPY

    US stock markets up 18 points after negative open . Markets after hitting lower values now may rise to days highest point by late afternoon. A slide is likely in closing hour.

    Key Risks today: Choppiness, Rangebound trade within70 points. See disclaimer in previous posts.

    Strategy 1: Short at dow 60 points in next 1 hour with Trainling stop loss of 30 points.

    Strategy2: Buy after a correction before Mid day USe TSL of 25 points to buy call options ( this may be most profitable or likely)

    Strategy3: Short in last hour if market has risen to a peak


    Disclosure: NO POSITION
    Stocks: QQQ, SPY, SPY
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