Good morning!
Bulls made a cheat yesterday on Dow futures. It headed up in the opening, and pressed by bears. I did not make any trade yesterday.
A quick one. SIMSCI is moving above intrady moving average. Though I see some weakness in the uptrend, it is not strong enough for me to go Short.
TIMSCI is still moving in intraday uptrend as well. I am not considering any SHORT for this morning.
By the way, I am looking at August contract for both index futures.
Alrite, I am being a loser today. In fact, I did not pay much attention to the market. Instead, I was day dreaming, and doing some stupid work out of trading. Long opportunities appeared. Simple and profitable entries, and yet, no trade was taken.
Continue doing this, I will be hungry to death someday.
Anyway, here is the 15-min chart of MSCI Taiwan index futures.
[photopress:TIMSCI_15_day.jpg,full,pp_image]
It was an choppy day for DJ. No trade was done yesterday.
SIMSCI and TIMSCI look interesting. Both opened low and starts moving up. Though the regional market sentiment is rather flat at the moment.
I will only look at Long side if I were to establish any position for this morning.
Are these news related to day trading? Well, it might be. At least , I am seeing intraday Dow futures starts to turn down and in fact broken uptrend line. Though I have yet to have complete setup for the day, I tend to look at Short side.
I am looking forward to a ‘do-nothing’ day again for SG futures market. I am not interested in trading in this condition i.e moderate U.S gain, flat opening in Nikkei and low volume in local futures market. It is difficult to find high-R trade in the market with these conditions.
No trade was done for SiMSCi and TimSCi today. It was indeed an boring day, though SiMSCi did have a spike at the last 15 min before market closed.
Dow futures was down at the opening, and subsequently spike up. Bulls did not hold the strength, intraday downtrend continues. I am watching for possible short entry for Mini Dow.
