Monday, February 22, 2010

Boring

For awhile today it looked as if we might see a bearish engulfing pattern-the Q's did, but the rest of the market didn't and XLF was actually up today. Everything was missing any sense of direction. It may be like a doji day (which it wasn't) in which upside momentum waned and perhaps tomorrow we'll see something definitive, but as of now, still sitting on our hands and waiting for this market to tell us when o jump back in -either one gun or both barrels blazing.

If you are a swing or day trader let me know and I'll come up with some trades for you, but if you are following our current model-Trend, then just sit tight.\\
a few trades of recent that I still like-PWRD (S), AMZN (S), MOT (S), the TASR long has performed well-18% in 3 days, MSO (L) still looks ok, CRR (S) is performing, INAP was up as much as 10% in  days.

So for now, again, we'll sit this out another day, but at least we are moving in the right direction.

No comments: