Monday, 11 July 2011

11th July

Morning,

FTSE had been around 5970 pre-open, then spiked to 5999 on open.

1 - short FTSE 5996. Base stake * 0.4

2 - stop at break even, good start, looking to close around 5960.

3 - closed half at 5975. £20 profit. Remainer at break even stop, with target 5961.

4 - closed other half af 5980. £15 profit.

£35 profit total this morning. WIll have another look this afternoon for Dow session.

5 - decent long opportunity with modest targets. FTSE broke back through 5968 so opened a long at 5972. Base stake * 0.4.  Target 5980.

6 - closed at 5961.5. £-12.80 loss.

Surprising how well the FTSE is holding up considering DAX, Euro well down.

Looks like we are in for a big down day, looking for a good shorting opportunity on the Dow

1 - short dow 12540. base stake * 0.66.

2 - closed at 12512. profit = £56.

3 - long at 12510.  could have hit the bottom for today, US earnings season imminent. Base stake * 0.33. Stop 12472.

4 - added another 0.33 * base stake at 12490. all stops at 12473. Could take a bit of a hit here, but worth a punt at this support level.

Come on Dow! This could go either way, need a convincing break of 12525 to set up a rally into close. Alcoa results after the bell, could be volatile.

Moved stop to 12459.

5 - closed all dow longs at 12500. Break even.

been a long day. Total profit = £78

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