Friday, April 29, 2011

End of day review 4-29-11 Friday

Today i didn't have any time to do a morning post but i still liked the market on the long side on PBs into support. We didn't PB into any support levels other than yesterday upper value area and i didn't have any levels there that i liked. I tried a short at 1357 into my level after the move lower and retrace back up. I ended up scratching t5he trade because it wasnt following through and i didnt want to sit in the chop. It was a good call as the market continued to climb higher all day making new highs on the year once again. Buyers are still in control and sellers are no where to be found. It will be interesting next week to see how the market moves. My expectation is we go higher but lets see what unfolds instead of guessing. Here is my EOW PnL and EOM PnL as well. NJot much profit but at least im making a come back from this DD im in. Lets see if i can pull it back up and be positve for the year by the end of May...