Momentum Trader Report: 01/26/10

A feeble rally attempt today, with the indexes closing slightly lower after a mid-day rally. The indexes could be forming bearish flags, as seen here in the S&P 500.

I had 2 stocks trigger from the Watchlist. I actually took them against my better judgment, and am still holding MGM.

 
I was stopped out of TQNT for […]

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Momentum Trader Report: 01/25/10

The indexes bounced today, but a weak effort. I took a position in BID, which I am still holding. I don’t plan to hold it too long though. More of an experimental position in this market.

AAPL reported earnings after hours today, and it was a blowout. Even with the positive earnings though, the stock whipsawed […]

Momentum Trader Report: 01/24/10

Probably a quick post tonight. The market sold off big on Friday, and the indexes have all broke previous support levels.

The Dow broke a long term trendline going back to last summer. This is not a good sign for the index.

The best looking though is the NASDAQ, which could find some support.

I was still holding […]

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