This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook, published on February 15, 2013.
I am taking a small shot here. The DOW has been stuck up here for about 11 trading sessions. We continue to struggle with the 14000 level. Trading volume has been slightly declining and the Relative Strength Index in conjunction with the MACD are rolling over. It is Friday and we will look to see if there is any liquidation ahead of a 3-day weekend. The objective could be put anywhere, so I would think where we broke out from recently would be just as good as any.
SELLING at 13950 …last trade is 13944.
- Risk will be above congestion at 14050 …($500.00)
- OBJ will be the last break out level at 13650 …$1,500.00
Have a look:
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.