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Daily Trade Posts

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Tuesday, March 23, 2010

Existing Home Sales



I've decided to start posting a screen shot of my trading chart for each announcement. You can click on the image to expand it to full screen. There was an announcement this morning at 8:00 on Existing Home Sales. The numbers were slightly better than expected and the market moved upward. I got in and out in 20 seconds for 0.75 points (7.5%). There was a great correction and similar movement, but I didn't get in on either. Lance won 0.5 on the initial movement and 0.5 on the correction. I talked to three other traders and they made between 0.5 and 1.5 points on this announcement.