Best Trends Trade (RES)

Everyone,

Practiced the Seasonal 1-Week Trends play on RES. Shorted it yesteday. No signal on the daily chart but looked like it might stall at the MA line.
Still in trade, recap below.

RES short sell 02/01/12 $15.43

Closing price 02/02/12 $15.22 profit of 1.36%

Was up over 2% at one point today.

Currently trading CLF calls with real money. Up about 2% but just now getting signal on daily chart.

Regards,

MT

RES has really taken a beating since January 11, so I'd be weary of a dead cat bounce. With the jobs number that was just released, it will be interesting to watch.

Looks like you got a good entry on CLF. Jobs number will likely help that trade today!