Momentum Trader Report: 01/18/10

Heavy selling on OpEx Friday brought the S&P 500 back this trendline. This could provide some support. If not, then the 1115 area will be the next level to watch.

Although I had lots of stocks on my Watchlist, none triggered on Friday, and some holding did sell off, but I continue to like the credit […]

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Momentum Trader Report: 01/14/10

The indexes eked higher into closed at new 52 week highs.

Action was choppy, but I had a few triggers today. No big movers though, but I think most have the potential to go higher. Let’s look at the triggers:
The 2 credit card stocks triggered, that leaves V left, which could move soon.

This one triggered my […]

Momentum Trader Report: 01/13/10

Dip buyers came in during the afternoon and pushed this market higher, nice to see after yesterdays action. The S&P 500 seems to have found some support on this trendline.

I didn’t have any triggers from the Watchlist, although  I did buy WYNN, which I posed last night. It’s looking good.

The casinos are looking very good, […]

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