Welcome ... Day Trade The SPY Live with Market Trader Tao

The Market Trader Tao
NeboXian's Day trading journal
is updated live during NYSE market open with observations , technical analysis and trades as they happen.
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Thursday, May 21, 2009

we will pull off this trade at a small profit..... the dollar is tanking in the last hour and energy is picking up steam to the up side .....we will step aside till 90 min's b4 the close..... and see how it looks...typically if the dollar is dropping, foreign investors will try to pile in and this can cause equity's to rise ...along with commidties like oil and gold.....with the pending holiday week end, volume is off and we are not seeing good follow thru....

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