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Looking For An Intraday Trade

|Includes: BAC, C, JPM, SPDR S&P 500 Trust ETF (SPY), XLF

It sure looks like I did well to close my short oil position on Friday. Oil is rallying strongly today as all risky assets are moving up.

Today I will probably make an intraday play on the financials as they look poised to rally. It will be a "go with the (institutional) flow" kind of trade as I talked about before.

I found another good quote from Alexander Elder that I want to share with you, "That is exactly what a good trader does. He recognizes the market as chaotic and unpredictable much of the time, but expects to find an island of order. He traind himself to buy ans sell without quibbling when he finds those patterns".

Have a nice trading day. I will post again if I make some new trade.

Oil Trader`s Blog is a website for active online futures traders. I will provide my real time trading decisions and my market thoughts on this webpage.