Wednesday, October 14, 2009

clean break of 10,000?

Great day for day trading. We have Dow breaking 10,000 first time in a while. Volume spiked as Dow surged past 10,000. The followup price action seems pretty convincing to me. We shall see tomorrow. My money is on the long side in the near term.

This is the kind of day I wish more margin is available to trade... My trade in SU got canceled due to margin. Man, only if I caught this one...




I did catch a nice breakout in GME. Thanks to multiple computer screens!!


So many stocks (especially financial, energy, and premium consumer names) are showing pretty convincing actions. Is this a great environment for breakout trades?

I went long on HRBN, BAC, SGP and VIT. We shall see. The position I'm most nervous about is BCSI. Divergence is forming. Take profit or keep running?

No comments:

Post a Comment