$DIA Day Trade: There’s a nice intraday resistance barrier at 114.30 in DIA.  DIA is currently trading at 114.18, making for a decent reward to risk/strong probability of success opportunity to short DIA into the close.  With a stop at 114.43, the risk is 25 cents. A target at intraday support of 113.75 gives a reward of 43 cents.  Only a 2:1 situation, but we like it. UPDATE (10/11/11 2:40pm ET): Target hit @ 113.75 for +0.38%, sweet trade!

$DIA Day Trade:

There’s a nice intraday resistance barrier at 114.30 in DIA.  DIA is currently trading at 114.18, making for a decent reward to risk/strong probability of success opportunity to short DIA into the close.  With a stop at 114.43, the risk is 25 cents. A target at intraday support of 113.75 gives a reward of 43 cents.  Only a 2:1 situation, but we like it.

UPDATE (10/11/11 2:40pm ET): Target hit @ 113.75 for +0.38%, sweet trade!

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