Bringing you some promising trade ideas each trading day

NEW ADDRESS: chribstrades.blogspot.com

Tuesday, May 5, 2009

Additional Trade Idea, 05/06/09

After further review, I'm inclined to give the bearish scenario a bit more credit. Monday's high was stopped at the upper trendline of a multi-week rising wedge, and S&P futures have been painting an interesting pattern since then. So, oddswise say 2:3 rather than 1/4.





Additional Trade Idea
Ticker Entry Exit A Exit C Chart
SRS (Ultrashort Real Estate) 24.51 20.83 N/A Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.

No comments: