01/18/12 Oil, S&P 500, Euro and Broad Market AnalysisJanuary 18, 2012 by Chris Dunn

We saw a little more volatility and “emotion” coming back in to the market from yesterday’s trading. ¬†And even though a lot of perma-bears are sitting short, the charts say more upside movement is likely.

The MAP Trade Signal Software gave us 66% winners on longs for the ES today, and the CL (oil e-mini futures) had a trade of the day with a $1.00 short trade. ¬†Unfortunately, I was distracted by the ES and didn’t get a fill on that short, but it was a great day nonetheless.

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