My foray into the markets with SNDK did not turn out too well. Initially it had seemed as though it would work out just fine as SNDK was moving higher while the markets were selling off. However, things fell apart near the end of the day and with SNDK poised to close well off its high for the day and below my entry price I decided that the prudent thing to do was to close the position. This type of price action often leads to set up failure and with the wide spread weakness I am seeing I am not going to chance it. So I am back to cash and will likely be staying there for sometime.
Good luck and good trading!
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I stumbled up on the chart of DLLR while surfing the net tonight and decided to add it to my focus list for tommorrow. DLLR did pass through... -
For some reason the early weakness in the markets caused me to panic somewhat and so I tightened up my stops but I just realized that I was ...
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These three stocks are currently breaking down from stage three topping patterns. All three recently announced earnings disappointments a...
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