Market comments: Notice that I have chosen stocks from different groups and in the "more" list grouped them by group. The market has had a nice run. It's time to be careful.
Long Focus
X: Gapping on an upgrade which …
Focus List
CCJ: Reported earnings this morning. Due to the consolidation pattern on the daily chart it is worth watching for a 5-min OR breakout if it gaps over the prior 2 days highs, 42.70. Key Resistance levels are daily …
Market Watch: Three to four days of consolidation on the 60 min charts creates situation where markets could break either way for the day trader, or create more chop. But daily trends in most stocks are still very strong to …
Earnings have created a few noteworthy gaps that the market will deal with on the open. CSCO gapping down big and WFMI gapping up big.
Long Focus
KSU: Good performance yesterday and has bullish flag pattern on daily
- Trade …
The market has had a strong two days in a row and a straight up run since 1/31. This has put many stocks in very extended patterns. For longs I like to favor stocks but will be selective on buying …