Trade setups that produce $1 to $6 moves. Investment ideas and general market trends. Remember the "Market" doesn't care what Santa thinks of you.
Friday, August 6, 2010
Bears are hitting
I'm outta here in 45 minutes I'm setting trade triggers trying to capture some small profits. Good Luck
buying frenzy
Now that was a very impressive bounce off the gap lower open. The bulls aren't going to let something like a disappointing jobs number break their mojo. Now it's time to let the market explain to us just how happy the bulls are with the current environment. currently dow down 42.
Thursday, August 5, 2010
FSYS
FSYS is approaching the 34.89 level if it moves above it with volume it could continue to move higher.
No resolution
We are still grinding sideways with no clear direction, the bulls are persistent and the bears aren't pushing much.
Wednesday, August 4, 2010
BIDU
BIDU has become very worrisome, It's on a mission to move higher without a break looks like it may not come back to fill the gap until it hits the 89ish level. I have a small position BUT even that may have to be covered. This is the problem with shorting the strongest stock in the market.
Keeping on.
I fought the charts and the charts won, so far.
Government job numbers on Friday, this pop is most likely due to a combination of chart setup's and the ADP number.
Government job numbers on Friday, this pop is most likely due to a combination of chart setup's and the ADP number.
Tuesday, August 3, 2010
Fill the gap
Tough market to get a read on, could go up could go down, yeah not very helpful with the info today. Keep position size down. I'm leaning for a small selloff to around dow 10,400 over the next few days.
Omg
Omg........... BIDU bulls still very active, no other action right now however if it takes out yesterdays high on large volume it may be prudent to cover.
Monday, August 2, 2010
out of CHK
CHK sold @ 21.61 beakeven trade, earnings tomorrow the markets up big it seemed like as good a time as any to exit.
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