Momentum Trader Report: 10/23/11

Not much movement in the NASDAQ last week with price consolidating. The 200-Day MA looms overhead.

I missed a couple of posts late last week, but had a trigger in UTLA, which was good for a day trade. I didnt plan to hold this one anway.
 
I took a position in UUP last week, in anticipation of a move […]

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Momentum Trader Report: 10/18/11

The market gapped down but fought back to close nicely higher. The NASDAQ is still hovering below its 200-Day MA, where it could find some resistance.

The McClellan Oscillator is still in that area where the market forms a top. Still room for some upside, but I expect this to bring lower prices in the market […]

Momentum Trader Report: 10/16/11

I had a trigger in HST on Friday, the first official trigger from the Watchlist this month, and it’s already half over! I sold half on Friday and have my stop near breakeven.

AMZN was a trade I did not post on this sites’ offical Watchlist, but did mention it in last Sunday’s post. I took a […]

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