Some damage to the technicals today. Saw the setups around 11-12 today and didn't like them. The move up from down open brought out the buyers to fill any gaps. Once that dried up around 10-11 the selling took hold and set up an avalanche. 170 points down on the industrials we haven't seen that in almost 2 years! We already knew the market was in an overbought phase, but this selloff is a little discouraging. The good news is there was some short covering and buyers the last 15 minutes. That should bode well for some long positions tomorrow.
Stocks of interest IMH. Looking for a long entry here, but not quite sure if its an entry here. This stock is very volitile.
Intc appears to be continuing its solid move up, but may be weakening due to the indexes plummet.
NVDA is on a tear!
CMGI I don't know what this is doing, if you do let me know. I either cry for joy or scream in pain.
My goal is to stay at 20 trades a month. Looks like I may hit that. Maybe! I find myself leaving a chunk of profits trading this way, but it makes life less stressfull.
Stocks of interest IMH. Looking for a long entry here, but not quite sure if its an entry here. This stock is very volitile.
Intc appears to be continuing its solid move up, but may be weakening due to the indexes plummet.
NVDA is on a tear!
CMGI I don't know what this is doing, if you do let me know. I either cry for joy or scream in pain.
My goal is to stay at 20 trades a month. Looks like I may hit that. Maybe! I find myself leaving a chunk of profits trading this way, but it makes life less stressfull.