The NASDAQ had been giving hope to the market by capturing the 50-Day MA, but it plunged through it today on heavier volume after a poor consumer confidence report.

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I was expecting a pullback in the market, but I still bought two triggers in the morning, AIG and KFN, and got murdered. I had to sell both for losses.

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Two stocks triggered late into the close, but I didn’t take them. BJRI and PODD.

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I mentioned i n Sunday’s post that I might play EDZ if the market turns bearish, and I bought this today. It acted as somewhat of a buffer against my losses. It looks awesome here.

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Going to watch for awhile and hope the market can find some support. There’s one stock on my Watchlist that still looks very good, and will be watching for an opportunity in that.

Trade Ideas for 02/24/10:

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Good luck and good trading!