Wednesday, May 13, 2009

End of Day Review 05/13/09



The VIX turned Red for the last time at 1230 ET with other indicators such as the Financials and Energy turning Red soon after.



At the same time, the market was testing the VWAP line as bearish momentum increased throughout the early afternoon with the market remaining below the VWAP for the rest of the day.
Charles
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2 comments:

  1. AnonymousMay 14, 2009 at 4:46 AM

    Hello Charles,

    I like your blog and the selection of charts you share but one little detail you obviously hide is the Good, the Bad and the Ugly....
    I mean your trades....
    I trade a 100K account with OX and are up 29% for the year so far with a 53% proftability and max drawdown of 6%. How are you doing in 2009 ?
    My swingtrading account, which I started jan 2008 is up 17% to date (17month)with a max drawdown of 3% ,considering how bad 2008 was
    I think I am holding up o.k.

    ReplyDelete
  2. Charles A PennisonMay 14, 2009 at 5:24 AM

    Hi MaxFactor,

    Your right. I'm keeping this blog a market analysis type of blog. I'm not quite as talkitive as Don Miller (http://donmillerjournal.blogspot.com/) or E-Mini Player (http://eminiplayer.blogspot.com/).

    I am considering, however, starting another blog, perhaps in July, that will be more of a Trade journal type of blog, which will include trade reults.

    Stay tuned.

    Charles

    ReplyDelete

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