Pre Market TAO Wed 07-22-09

ES Futures trading down overnight

Crude / Gold ....down

US Dollar UP

Asia flat

Euro Stks down

Earnings today WFC PFE GSK PEP LLY MO BK USB / bmo

QCOM ACL EBAY MOS TMX VMW TCK NE / amc


Spy Will open , 9450,

Have Put positions still in play.....
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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.