Momentum Trader Report: 07/22/09

Today was a battle between the bulls and bears with no clear winner. The S&P best shows the tug of war today.

The NASDAQ has yet another up day, and as seen on this weekly chart, is close to filling a gap made in October.

There was one trigger from the Watchlist,  it was PCLN (again), which […]

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Momentum Trader Report: 07/21/09

Stocks I was watching took a rest today, most pulling back on lower volume. A good sign after this surprise rally that began last week, but the three major indexes closed with gains. Check out this chart of the NASDAQ, 10 up days in a row!

Notice the gap between 1800-1825 area. That will need to […]

Momentum Trader Report: 07/20/09

I don’t know how many more days we can get like this, but keep them coming! What a day! The indexes continue to move higher, and look a little tired, but short at your own risk. The S&P 500 is about hit its June high. Will that mark the short term top or will we […]

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