Wednesday, February 11, 2009

No Mans Land Continues

Despite the huge 4% selloff in the markets yesterday after stimulus passage, we still remain
in a tough trading environment.

The sentiment out there is tilted bearish but a lot of analysts are calling for a dramatic rally as well.
New lows coming soon?
Breakout higher coming soon?

Its a tough call and I'm trading long scalps intraday right now.
What I'm looking at for scalps and swings:

AMR
LUV
BRKR
FRO
EXPE
USO
NRG
BGU
KO
XOM

thats all for now

3 comments:

  1. zstock7.comFebruary 11, 2009 at 3:43 PM

    Let me know when You are entering the VMC trade---Thanks in Advance--
    zee

    ReplyDelete
  2. AnonymousFebruary 11, 2009 at 9:25 PM

    Z:
    We might get up in the water stocks and restructuring stocks at the open cuz of this stimulus passage. If its lower however tomorrow then it will probably be the day unless the indexes advance to prior lows.

    ReplyDelete

Subscribe to: Post Comments (Atom)