Wednesday, July 27, 2011

Some hot charts for tommorow...

By several indicators, it now seems that the markets have transitioned into a new downtrend. In addition, I am seeing very few good looking long set ups and a lot of spoiled ones. I am aware that there may be a resolution to the "debt ceiling" issue and which may cause the markets to rip higher. But until then you just have to trade what you see and I see a day or two more of down side! With that in mind, here are my ideas for tomorrow:


LONGS









SHORTS









Good luck and good trading!
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

MY DAY TRADING RULES

I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...

  • A Gem...
    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...
  • Re-established my initial stops...
    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 ...
  • Cycles...
    Although the markets and ROVI are currently pulling back, my years of trading experience tell me that this is a natural normal process. The ...