Apr 022013


After a 4 day Easter holiday, the European session kick started an ES uptrend into US session open.  Given the strength of the bulls over the last several weeks, my plan coming into this morning was the be long above the 1565 all-time high.  The 10am EDT Factory Orders report was the only thing scheduled that could have gotten in the bulls way.  The Factory Orders number was expected to beat expectations, but it missed by a little.  The bulls looked ready to go as they pushed the ES to new highs.  The pullbacks into the DTG 63.50 level provided today’s example trade opportunities.

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