Trade of the Day (TXN) 7.23.2012

Unprofitable:  I lose money on this trade if TXN closes under $25.22 or above $26.78 or July 27, 2012.  The most I can lose on this trade is the amount I bought the Spread for $.22.

Risk: $22 per 1 lot

Reward: $78 per 1 lot

Chart: Bearish overall , but looking for a good risk vs reward that it tests back lower and the measured move target of $25.73

Read more about futures by www.keeneonthemarket.com

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