Trading
Watch out for volatility ahead!
By Mandy Ong  •  July 13, 2009

E-mini S&P daily chart

Since the long red candle last tuesday, market has been hovering around the support / resistance 878 level. Technically it looks weak due to the formation of the head and shoulders, therefore we are comfortable to hold on to our 878 shorts from last week, with stop at 905. Lots of earnings from major companies this week, so watch out for the swings!

Source: TheMidnightStar

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By Mandy Ong
Mandy Ong started out as Futures Broker with a SGX clearing member firm in year 2000, handling institutional and retail clients. In year 2003, she became a commission-based Broker, servicing her own clients. During this time, Mandy found that many retail investors are not familiar with trading futures due to the lack of education and proper information, and the futures trading courses that are available are very over-priced and over-sold. Many investors often part with their hard earned money investing in something they do not fully understand. Therefore, she quit broking in Sept 2008 to devote more time to educating the public on Futures Trading. The main objective of The MidnightStar is to introduce investors to Futures Trading and help you understand what trading is all about before plunging into the markets. The website will give you market updates, information and news to help you in your trading. If you are new to Futures and need more help, we have courses to help equip you with the skills and knowledge required for successful trading. As an ex-broker, Mandy will also share with you the secrets of successful traders, what they do right where others have failed.
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