Stock, Option and Futures Trading
July 11, 2011
If you jumped on ICE at the open ICE is down over 3 points today. We would play it with a even stop. Right now the market could find support so locking in some profits is not a bad idea.
We would watch the low that was just put in place on the NQ as a potential low of the day. Anything below that low we would label as extended and we could have a short squeeze.