Jan 15 Pre-Market Update

By Mark on January 15, 2008 8:05 AM | 0 Comments
I entered some put positions near the close of the market yesterday in anticipation of some downside this morning. It looks like we will be having a big gap down today. I may end up closing my position at the open to take a quick gain. I'm still not confident the market has formed a steady trend that can last a couple of days. That is what I need to be profitable as a swing trader.

The futures this morning are as follows:
S&P 500 (MAR) -10.50  | Nasdaq (MAR) -14.00  | Dow (MAR) -68 

The Q piviots today are:
R2 R1 Pivot S1 S2
48.43 48.15 47.73 47.45 47.03


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