Momentum Trader Report: 02/05/12

The market gapped up Friday and closed strong. The NASDAQ is now at the top of this very steep channel. The higher it goes without rest, the worse the correction will be, but for now, it is a fun ride.   

I had one trigger Friday, VVUS.

IMAX, which triggered the day before, followed through nicely on Friday.

There […]

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Momentum Trader Report: 02/02/12

The indexes have made impressive moves over the last month, since they broke out of inverse head and shoulders patterns, as seen here in the NASDAQ, and first pointed out in my posts from early January.

I had two triggers today, one of them IMAX, which still looks OK.

AKRX was intended to be a day trade, […]

Momentum Trader Report: 02/01/12

 The market made a nice push today with the NASDAQ closing up +1.22%. This channel is very steep but continues to inch higher each day.

I had a nice breakout in BRMN today, which emptied my Watchlist.

TRLG, which had been on my Watchlist since December, finally triggered on Tuesday.Earnings are just a week away in this […]

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