The Night Owl Trader | May 13, 2014 12:46AM ET
Actionable ideas for the busy trader delivered daily right up front
Month right wrong no call conditional batting Dow
average points
January 5 10 6 0 0.333 64
February 5 2 2 1 0.750 107
March 12 3 6 0 0.800 431
April 9 3 5 0 0.750 482
May 1 3 3 0 0.250 -46
And the winner is...
While we've clearly developed a bit of bullish momentum recently, we're also now nearing some stopping points in the form of resistance levels and we have some reversal warnings in the form of dojis on the charts tonight. I think that we're near s short-term top but who knows whether it's Tuesday. Accordingly, and in the absence of any overtly bearish signs, I'm just going to call Tuesday higher, with the expectation of a much smaller move than Monday and possibly a doji day.
ES Fantasy Trader
Portfolio stats: the account remains at $111,625 after three trades in 2014, starting with $100,000. We are now 3 for 3 total, 2 for 2 long, 1 for 1 short. Tonight we stand aside.
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