Neboxian's Day Trade Journal Mon 7-20-09

This looks like a good place to put some Spy Puts on .....9500 with stop above 9550.....ES Futures is selling off and the Xl's are all breaking down......

The Eaton Hal and Johnson reports were not good for the future guidance.

Top line Revenue continues to fall and just because they beat the street estimates doesn't mean that is is good in to the next quarter.

All the reports so far including the ones last week say the out look is foggy.
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12:50 et pm Not doing any big trading today mostly waiting for true market direction.... I don't think there will be much until aapl and cat report.

Pre Market TAO Mon 7-20-09

ES Futures traded up to 944.78 over night and is now back 942.50

Crude / Gold up

US dollar down and sitting on a key support line it could be setting up for a bounce . It needs to because bounce below that support is an abyss.

Hal/ jci/ etn/ has earnings b/o
txn/ LM / Bsx ............ a/c


Cit may get bailed out?

Hal/ Jci earnings down Big! Hasbro toys profit is up

Congress is now looking to a Rent to Own program to support the housing recovery.

Tyson and Sanderson just got cut down a notch.

Asia / Europe up

Spy looks to open flat to up

Today I am Neutral to Bearish ..........will watch first 30 min's

[tags]day trading Journal, hal,jci,etn,txn,lm,bsx,rent to own,tyson,sanderson,cti[/tags]