Trade Wrapup - 20080416

Trade Wrapup - Wednesday, April 16, 2008

9:49 - 30 min 200 sma is index resistance (1352.21 is ES 200 sma on 30 min1351.3 is also fib resistance)(1831.15 is same zone on the NQ)

9:59 - AIG basing at highs
10:07 - AIG off watch for now

10:07 - ITRI swing is back in play today finally

10:15 - FSLR base at highs ($293.80)
10:30 - FSLR first resistance ($296)
FLSR hit equal move target into $297

FSLR Buy Setup


10:49 NQ hit highs from 4/11 price resistance
10:50 ES hit lows zone from 4/10
10:50 these are the ressitance levels hitting here
10:51 ES also had 1356.92 area as -38.2fib level from initial morning rally

12:28 - SWY keep on watch for short setups this afternoon sucah as "D" pattern on 5 min
Breakout Template: For information on A, B, C, D, or Z template patterns, please see http://tradingfrommainstreet.com/images/roomexamples/BREAKOUT_TEMPLATE.gif The green circle is the entry with the red bar as the stop.
UPDATE: "D" pattern and other breakdown template setups failed to form.

14:47 - NTRS and WYNN attempting to form avalanches
5 min
15:16 - wynn and ntrs off watch

14:50 - futures are still holding up pretty well
thinking they will continue to do so but overall more choppy into the close