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Pre-Market Trading Grid

Written by Zachary A. Musso On 3/20/2009 08:45:00 AM
Things you need to be looking at today through my Market Trading Grid:

Market Trading Grid - VIX (5D10M), $TRIN (20D30M)

The $TRIN broke out of its March 2nd down trending line.  This gives shorts the advantage today, for they currently have the momentum.  If the shorts do die out due to options expiration day, watch for the $TRIN to drop back a little.  A strong support level to watch for the $TRN is 0.25, which it's bottomed off three to four times in the past.

The VIX is in an uptrend after yesterday, but with the volume not being strong enough yesterday for most shorts into the close, I'm not convinced until the VIX breaks above that 44.59 level.

Keep your head on straight, today will be crazy.


ZM
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1 Response to 'Pre-Market Trading Grid'

  1. Anonymous Said,
    Saturday, March 21, 2009 7:41:00 PM

    Hey,
    I also have an analysis on GLD recently.

    Check out:
    http://inquisitiveaboutfinance.blogspot.com/2009/03/gold-technical-analysis-different-views.html

     

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I am not, by any means, a financial analyst. All posts and tickers mentioned in them are my opinions and my opinions only. If you buy and sell ANY tickers because of my recommendation, you are trading at your own risk.

Zachary A. Musso - MJTT Owner/Author

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Fully Discretionary, Speculative Futures Trader - Technical Analysis Junkie - Bentley University Class of 2014.

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