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Looks like another strange trading day in the making. F is up 2% in pre-trading on Fitch news... could be good as it used to lift TEN. Might be nice spike to go short and shorterEconomic data out, Futures up... wonder what people are so optimistic about all the job losses. What do you guys think the day will hold for TEN?
The problem for a trader here with Ten , is the volume at 30k, but it will rise, so, the 50 day moving ave is at 12.67 , so, I see some support at 14, its a great short after the rookie hour ( 9.30 to 10-10.30 am eastern)imho
yeah, the volume is strange, usually TEN traded around 300-400k in the first hour... is there something in the making?Picked up some more. think it will end in the 15s, if it hits 14, i probably will cover some and wait for another spike