Monday, June 14, 2010

Triple Witching Week

June triple witching week, Dow up 5 straight years 2003 - 2007, down big in 2008, off 3.8%

Retail sales fell, and the market fell Friday. We showed signs of flat lining through 2.40 p.m. Please read our Dow Projections carefully this week.

We outline short (one day) to two week projections, and recommend recalculating the pivot point/support lines at least once a day, or get on the website and sign up for our FREE Twitter daily S/R projections.

The Australian and Russian markets are closed today.

The USD had a four year high, while the Euro barely holds it's equal value, a strong reversal from prior years.

Traders were successful in trading our new recommendation in an easy day trade on the
OEX JUN 19 2010 480.00 CALL. We were able to buy as low as 12.60, below prior day close, and sell to highs of 15.73, for nice day trade profits. We open the week with no open signals, and a one way trade recommendation.

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