Not many daytrade setups today, at least setups I could find. Was not focussed and had other things going on at the same time, so that might have been a reason.
Posts Tagged ‘Cup and Handle’
What goes up…
What goes up must come down and vice versa? NTRI was one of the top gainers in 2009 and it broke down really hard this year. After what seems to be an exhaustion gap in the beginning of march it showed up on my gainers list. I don’t know what the news was, but clearly there was a pleasant surprise. It ran up hard but finally offered a beautiful opportunity to enter. It was a pleasant surprise in a choppy market where most of the strong stock seem very extended and offer less opportunity.
In a choppy market, a great daily helps
# In a choppy market it helps to pick a stock with a great daily chart
# FRO had a clean breakout on the daily chart after a consolidation area
# The breakout was on big volume
Late…
Due to other commitments I missed the open and first hours of trading. By the time I got behind my computer I had missed all the fun. Momentum in the market made it clear there was not a lot of downside, while it still was too early to go long. I did scan for longs [...]
