Momentum Trader Report: 07/31/11

Friday provided some very whipsaw action, causing me to close the last of my positions. I made some good money in this most recent rally, and didn’t give too much back late last week, thanks mostly to selling on the way up. Although the market is still correcting, I do expect that we will continue […]

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Momentum Trader Report: 07/28/11

 A bit of a whippy day in the market after yesterdays sell-off. The market ended up closing near the lows, which is bearish behavior.  This bearishness triggered most of my stops, putting me mostly in cash. The bullish pattern in the NASDAQ has now been negated.

I had one trigger in EWW, which I was later […]

Momentum Trader Report: 07/26/11

 The indexes were down for the day, but only slightly. The NASDAQ is still holding its bullish looking pattern.

Some recent triggers did well today, including HDY. This had been on my watchlist for a while, but when it finally broke out, it broke out strongly and hasn’t looked back. Still holding a 1/4 position.

IO and […]

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