Momentum Trader Report: 01/19/10

I’m getting a late start, so this post will be quick. It was a great day for breakouts, and I had several triggers, with many looking like they want to move higher. Let’s look at those, with the best ones, AMCC and MNTA first:

Although these look good, and there are some nice charts setting up, I am becoming more cautious of a correction here, so am keeping my trades short term for now. There’s nothing wrong with peeling off shares as the stock goes up.

Trade Ideas for 01/20/10:

Good luck and good trading!