A quick post tonight. The S&P 500 and Dow closed a little lower on lower volume, and the NASDAQ closed higher. Could te sellers be done for now?

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There were two triggers from the Watchlist. Both education stocks, that have been doing well in this market. These triggered in the morning and then rallied nicely later in the afternoon.

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I am seeing a lot of charts that I like. Some of these probably need more time. I’m watching these for short term trades, most likely day trades. I’m not looking to hit home runs in this market. Breakouts have had high failure rates in this market, so I want to get in and get out quickly before the move fails.

Trade Ideas for 02/03/09:

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Good luck and good trading!