Monday, March 29, 2010

HESITANT

I posted a few limit trades today, they are a safety net more or less. I'm looking into something right now that is making me hesitant on this market in either direction, it may be nothing, but until I fully understand it, I'm hesitant and when I do, you'll be the first to know.

Otherwise, not much changed today, the Q's-even being up, actually violated a linear regression channel on an hourly chart to the downside. Before that the best we had was a 10-min chart violation.

We'll see soon enough.

I'm also running a new scan right now, it takes forever and a day to tun as it scans the entire market but if I see anything promising there, I'll add them to tonight's list so check back in the a.m.

Update to last night's list

NCS was mistakenly classified as a short, it is not a short. If you saw the stop and target you would have seen that, but it's my bad.

NCS is a long, the stop and the target have not changed.