This Is Why You Should Use the S & P E-Mini In Your Trading
Many stock traders watch
the E-Mini SP 500 throughout the day even they do not trade the futures.
Because, the futures markets affect the equity markets.
11:55:54
(From TradersWire)
Costco Wholesale (COST)
is bouncing off the bottom of a range. Buy COST if it takes out 48.60. Target is
near 49.80. Risk 0.5-0.75. COST is at 48.48, up 0.20.
COST tested the lower boundary of the range
successfully, and it appeared ready to begin an upward move. In fact, the stock
took out 48.60 shortly after 12:00, but the deterioration of the futures stopped
COST’s further advance. We took a small profit on half of our position at 12:41.
12:41:17
Follow up on the 11:55 story (COST)
The stock is struggling to take out the intraday high. Sell half of your
position and move stop to breakeven. COST is at 48.70, up 0.42.
Have a nice afternoon session!
If you have questions, feel free to mail them to me.
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