Stock, Option and Futures Trading
MGM & GS Update
From this post https://wwweminischool.wordpress.com/2012/01/10/mgmgs-members-es-chart/ we were long MGM and GS from the lows. MGM has made a 30% move on the stock and GS has went from $92 to $111.
At this point we would move the stop on MGM to $12.85 and move the stop on GS to $105.20
Where the market is at right now would make sense to have a pull back but it is still to early to tell. The NQ came down today but a bounce off the 2440 is still very bullish. Overall tomorrow will be a good day to watch and see how the bigger leg will set up and not be super aggressive with entries for swing type trades.