Friday, October 2, 2009

Trade 120 & 121 - Shorting CBA and ANZ




100 short CBA @ 50.12

1/ Traded back to the intraday high, in a bearish sentiment
2/ expecting US markets to continue lower, as key technicals have been broken, and futher payrolls are likely to come in bad.
3/ stop 50.50, target 49 or lower



Short 100 ANZ @ 23.68

1/ shorted for similar macro reasons as above
2/ hitting 50DMA, bearish candle, stops just above, 24.10