Momentum Trader Report: 08/26/09

Today was very choppy action in the market, even though it received good news, this time in the form of a positive new home sales report. Although the market is no longer spiking on positive news, it is still showing strength by refusing to sell off. the S&P closed with a new high for the […]

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Momentum Trader Report: 08/25/09

The market received some positive news in the form of a positive consumer confidence report, but the market only managed to close slightly higher. As seen in this chart of the S&P 500, the candles look a bit toppy here, but we did get a new closing high for 2009.

I had 3 triggers today. Unlike […]

Momentum Trader Report: 08/24/09

Once again, I am getting a late start, kind of busy this evening, but what a day trading! Ever since last Mondays down day, there have been great breakouts, and today was one of the best. The only problem was raising enough cash to buy them all, as I had quite a few positons going […]

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