Market is everything but quiet in the past couple of days and we think this is a good time for a quick review…Initially profiled in March 26 “Swing Trader Bulletin”, James River Coal Company (JRCC) has gained more than +120% and remains well positioned.

Capital Essence’s “Trading the Market” Bulletin for May 19, 2008. Subscribers, please click here to login. CEC’s Trading the Market Bulletin Future (E-mini) Service helps you to aggressively trade E-mini Index (Dow, NASDAQ and SP-500) Futures. It’s a price-based auto-trade system that forecast market trend and daily high low numbers. What is nice about this system is that you don’t have to watch it very closely once you’re in a position. By following this price-based methodology, all you have to do is set the parameters and let them baby-sit the position. This is much better because it takes human emotion out of the equation.

Thursday’s bullish trading action had helped setting the stage for an upward push above the S&P 200-day moving average. Unless the break of resistance happens on a big volume surge, the breakout might not sustain. As usual, we must stress out that tomorrow is the options expiration day, which is the most volatile trading session of the month, so you’ve got to watch-out for fake-head, or false price breakout.

週四大盤的走勢比較有利，為下一步標普站上200日線做好了準備。不過除非突破阻力位的走勢伴隨著成交量的大幅放大，否則突破還是會出現失敗。另外，我們必須提醒大家，今天是本月的期權到期日，有可能出現本月來震盪最劇烈的行情，因此今天出現“假突破”的走勢是很有可能的，對此須有心理準備。