January 8th Pre-Market Update

Here is the pre-market update for today. Futures are set to head higher on the open today. The point at which I sold my 50 contracts yesterday at a loss was almost the exact bottom of the trading yesterday. I'm glad I still kept 10 contracts in. I guess one lesson learned is I had too big of a trade on and cutting it down to 10 contracts was more comforatable to stay in the game. A lesson learned, is to go in lighter next time. Maybe time for a new rule, no more than 10% on any given trade.

S&P 500 (MAR) +12.00  | Nasdaq (MAR) +16.25  | Dow (MAR) +74 

QQQQ Pivot Table

R2	R1	Pivot	S1	S2
49.24	48.71	48.07	47.54	46.90