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Tonight's commentary courtesy of PageTrader
Wednesday's session opened higher. The advance continued. Being above $1485.00 indicated an advance to $1510.00 as noted late yesterday (see enclosed chart). This prompted our buy limit / new long position at / near $ 1493.25.
Completed Trade, $3.00 Gain: The advance continued making new recent highs. This prompted our buy limit / new long position at / near $1495.00. This position was triggered. 1/2 long position exit was taken at $1496.00 ($1.00 gain). The market advanced, prompting our remaining 1/2 ordinary long position exit at $1497.00, resulting in an approximate gain of $3.00 on the entire position ($1.00 initial, $2.00 final).
Completed Trade / Aggressive Exit, Breakeven: The market declined, triggering our $1493.75 protective aggressive breakeven sell stop, resulting in an approximate breakeven on the entire position (+ $1.00 initial, - $1.25 final).
Completed Trade, $6.50 Gain: This prompted our buy limit / new long position at / near $1493.50. The subsequent swing low was $1494.00. This faded long entry (missed by 2 ticks) exited 1/2 long position at $1496.50 ($2.50 gain). The advance continued, prompting our remaining 1/2 ordinary long position exit at $1498.00, resulting in an approximate gain of $6.50 on the entire position ($2.50 initial, $4.00 final).
Completed Trade / Aggressive Exit, $9.50 Gain: The advance continued, prompting our remaining 1/2 aggressive long position exit at $1501.00, resulting in an approximate gain of $9.50 on the entire position ($2.50 initial, $7.00 final).
Wednesday's session completed S&P Messenger's forecast advance from $1483.00 to $1410.00 (session high $1410.50). The market quickly regained late day losses and remains in a strong position, making tomorrow's session critical. I look forward to Thursday's market.
Trading with CT
We are still looking to enter the market long on a pullback to 1465 that holds. If 1465 fails to hold as support on the way down, we will be patient and enter on the way back up with a break above 1465 that holds. Either way, our new target is now 1510. This is our next "big picture" position. We will of course continue to trade whatever the market presents us during our daily radio broadcast.
A Word from Max
“The love of God has been poured out in our hearts by the Holy Spirit.”Romans 5:5 NKJV
Deep within you, God’s Spirit confirms with your spirit that you belong to him. Beneath the vitals of the heart, God’s Spirit whispers. “You are mine. I bought you and sealed you, and no one can take you.” The Spirit offers an inward, comforting witness.
He is like a father who walks hand in hand with his little child. The child knows he belongs to his daddy, his small hand happily lost in the large one. He feels no uncertainty about his papa’s love. But suddenly the father, moved by some impulse, swings his boy up into the air and into his arms and says, “I love you, Son.”…
Has the relationship between the two changed? On one level, no. The father is no more the father than he was before the expression of love. But on a deeper level, yes. The dad drenched, showered, and saturated the boy in love.
God’s Spirit does the same with us…The Holy Spirit pours the love of God in our hearts.
Futures & Options Broker