Momentum Trader Report: 08/30/11

 A slow start but a nice close as the indexes closed higher. The NASDAQ has a nice double bottom pattern, but may need a rest soon.

Gold gapped up and move higher, pushing gold stocks higher. That was good news for me, because I was watching two gold stocks, which triggered and moved higher.

I sold half […]

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Momentum Trader Report: 08/29/11

 The market responded very well today, following through on last weeks close higher. The NASDAQ appears to have found some support, and has formed a small double bottom pattern. A bullish sign for now.

I had one trigger today in WFR. It is about to touch a falling 50-Day MA, but I am curious to see […]

Momentum Trader Report: 08/28/11

Friday brought higher prices in stocks, and although the indexes do not look pretty, they do look as if they have found some support. The indexes closed the week higher, after closing lower the previous four weeks.

I had a trigger in AAPL on Friday. It is one of the few decent looking charts out there […]

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