For example take a look at CAM, WLT, RIG, DO, HAL&PCX. It didn’t really affect the market today so I don’t know why it would tomorrow, but keep an eye on the energy sector. Also take note of how little important MA’s mean in a high volume news driven environment. No catching knives!!!!!!
I am sure a lot of money was made and lost in these names today but it’s really not my game. When I trade I want important defined levels for my entry a good sense of where my stop should be and profit targets. The only one of these names that I traded successfully today was WLT. All credit goes to the guys at High Chart Patterns. If you are not familiar with them become so, they have be invaluable to my trading. At around 10:00 they tweeted “HCPG http://chart.ly/aezpdt $WLT - WLT through 88, whenever that may be, is now a great short spot. Add alert. “And boy was it ever, all gain and no pain, thanks guys. The moral of the story is stick to important levels on the charts, don’t buy or sell something because it “looks good here”. 88 was below the 50 day MA and the break of a 3 day range.
The GDP &employment cost index are at 8:30 tomorrow, Chicago PMI at 9:45 and consumer sentiment is at 9:55 so ease into the day tomorrow. The following ideas may be actionable tomorrow but watch out for low volume choppiness especially in the afternoon.
netl 35 long
slb 74 long
x 56 short
anss 44.39 reversal/support buy on 20&50 day MA
gymb 50.05 reversal/support buy on 50 day MA
jblu 13.05 reversal/support buy on 50 day MA
nyt 9.89 reversal/support buy on 200 day MA
podd 13.42 reversal/support buy on 150 day MA
pxp 30.22 reversal/support buy on 150 day MA
sgy 16.45 reversal/support buy on 200 day MA
slab 48.37 reversal/support buy on 50 day MA
stx 17.66 reversal/support buy on 150 day MA
sy 42.75 reversal/support buy on 150 day MA
v 90.81 reversal/support buy on 50 day MA
vit 22.3 reversal/support buy on 50 day MA
wmt 53.27 reversal/support buy on 150 day MA
No comments:
Post a Comment