Cowabunga System Daily Update: Tuesday, 10/07/08

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Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades

News events to watch for today :

  • 4:30am EST- UK Manufacturing Production
  • 1:15pm EST– Bernanke Speaks
  • 2:00pm EST– FOMC Meeting Minutes

Today’s Surf

2:45am EST- There was a moving average crossover for a short trade but RSI was greater than 50 and MACD was already negative. No entry.

entry2

Trade Result: +0 pips R-Multiple: N/A

News events to watch for tomorrow :

  • 10:00am EST– US Pending Home Sales

For a complete list of news events check out our News Section

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