Trade Strategy for 6.28.13 “Window Dressing”

Today marks end of quarter (and 1/2 year). so many money managers will be tweaking their portfolios to what is known as “window dressing”. Overall end of quarter portfolio tweaking doesn’t contribute much to investor returns, but can be meaningful to the manager that gets paid on short-term “basis point” performance, so trying to squeeze every last tick is the game.

Quiet overnight trade as 1605 marking initial pivot support and prior day high at 1614.25 resistance. Penetration of PDH targets 1622 – 27 zone. Violation of GBX pivot suggests retrace down to 1595 – 1600 zone. Any deeper pullback suggests 1585 – 88 zone.

Good Trading…David

Habitude Twelve
I am disciplined. I behave in a way to reach my goals. I do what I intend to do. I have the intent to win through right actions. I will be patient for patterns to emerge and mature. I am decisive. I decide easily and act promptly. I act in the right way and right on time. When there is nothing to be done, I will wait.

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