Today our Time focus will be the first half hour of NYSE trading. We are particularly interested to see if there will be any residual buying left over from last week.

You should have already paid for your stops in the equity indices, now it’s time to book a another piece of your profit. You should pair back your holdings to the 25-30% level within the first 1/2 hour of trading. Short term traders will be looking for momentum failure early to attempt short selling.

Model Trading Portfolio…Current Holdings

Time Horizon Unknown

Long S&P 500 Futures & NASD 100 Futures

Long AAPL