A pretty good up day in stocks. If we get another day like this soon, it could confirm a new rally. Friday was day 1 of a rally attempt. The confirmation should happen at least at day 4, which is tomorrow. Let’s hope we can get a rally soon, because this action sucks.

No triggers today. I’m trying to wait for a rally confirmation and not do anything stupid in this market. It is very frustrating.

I have quite a few charts that look good on the long side. I found even more that look good on the short side. Here are some of the better charts I will be watching tomorrow, but unless we get a strong trending day, I will probably just watch.

Trade Ideas for 02/10/10:






Good luck and good trading!