Momentum Trader Report: 08/31/10

The market looked pretty good in the afternoon, but couldn’t hold on. The NASDAQ looks like its consolidating, getting ready for the next move.

I had  3 triggers today, but none moved strongly and two pulled back. However, I am holding  on to two of these, hoping for a better move. The first one is NR.

SXCI […]

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Momentum Trader Report: 08/30/10

The market grinded lower today. Although I found some reasons to be bullish in last nights post, there is nothing bullish in the charts of the indexes. They all look to be consolidating before making another move lower.

We are about to enter what is historically terrible weeks for the market. And if history is any […]

Momentum Trader Report: 08/29/10

 Things looked pretty bleak in the market Friday morning, but stocks covered nicely and the NASDAQ moved up to close near a support level

Friday was a very good day for Thursdays trigger, TSL. I decided to hold this one into Friday and glad I did.

I had day traded AWI on Thursday, another trigger. Wishing I […]

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