Tuesday, July 13, 2010

Trade 344: OSH short 700 @ 5.8

Macro - Market has hit the 4400 mark I was riding long positions for.
Intermarket - Oil seems to be falling - and other risk trades are tapering.

Technicals: the fib levels and gap resistence are the key, with MACD divergence also looking for a good confirmation.

Stops just above @ 5.9