Momentum Trader Report: 05/25/10

The market gapped down but rallied into the close, making for some sweet day trading action in the ultra ETF’s in the afternoon. The S&P 500 managed to close higher on heavier volume.

One of my very few short picks, and why I don’t like to short. NVTL opened right at my short entry, but got […]

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Momentum Trader Report: 05/24/10

No time to post tonight. Market looks very weak, but watchlist holding up. More tomorrow.

Momentum Trader Report: 05/23/10

The market bounced in Friday after gapping down at the open. That is a nice way to put in a bottom, but it’s too early to say if this is a bottom. The indexes Dow and S&P 500 closed below their 200-Day MA, except for the Russell. This one bounce off of that moving average. […]

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