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Thursday, February 14, 2013

S&P 500 gap trade

No time for a write up as I'm rushing out the door.

A gap opened on the S&P around 11.30am so I've bought it at 1512.1. The idea is to take my profit when the gap closes to last night's close price at 1516.6. The stop loss is 1505.6. I've drawn horizontal lines at the key prices here:

A welcome win yesterday on the horses although I could do with a few more. One for today:

3.40 Kelso - Coverholder
Came good at second time of asking for Tim Vaughan in Catterick handicap in December and further progress when bolting up for this yard at Doncaster last week. Unpenalised and hard to beat.

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