MattLeroch

SPY - Hammer Reversal

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
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1
buying friday's hammer reversal... look to take quick profits near 10 sma and then hopefully re-enter if follow through day occurs... big if. I currently expect the primary downtrend will continue, but you must be flexible in this market. 11.19.12 well, that didn't take long... CLOSED position today @ 139. (2.3% profit) - did leave some for selling into remaining strength over the next day or two...

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Nice call
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11.23.12 CLOSED remaining position @ 141.30 today. (3.9% profit) - for an average of 3.1% profit for total trade.
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11.19.12 well, that didn't take long... CLOSED position today @ 139. (2.3% profit) - did leave some for selling into remaining strength over the next day or two...
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