Momentum Trader Report: 06/29/11

The market continued its pre-holiday, low-volume push higher today, with oil making a big move.

Although I had no triggers, I had a nice move in MPEL, a recent trigger which I am still holding.

ABV was a trigger from yesterday, which continued today.

One of the charts I posted on Sunday was the Euro, which was […]

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Momentum Trader Report: 06/28/11

Today was a low volume up day, common in weeks leading up to a holiday. A bear flag has been averted in the NASDAQ.

I had a few triggers today. GLUU was a big mover, but had to move a lot just to hit my buy point.

The other triggers were ABV,  ILMN and NFLX.

Recent trigger MPEL […]

Momentum Trader Report: 06/27/11

 The market moved higher today, respecting some of the support levels outlines in last nights post, as seen in this chart of the S&P 500. As we head into Independence Day weekend, volume will be light and prices should move higher for now.

I had one trigger in MPEL. Second time is a charm, and still […]

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