The market gapped down, then rallied, only to pull back into the close. I’m not a candlestick guy, but I know this means indecision, and with heavier volume, could lead to a change in market direction.  We will see what tomorrow brings.

I had 3 triggers today, one of them moved quite well, MTH. This one seemed a bit risky at the time, but so far, it’s working well.

The other 2 triggers mace minor moves, but still have potential.

Recent stock purchases I made continue to do very well. Today’s mover was INCY. Just look at this beautiful chart.

Other recent triggers that moved today included BJRI and DTG, among others.

I will be honest, I’m getting nervous here.  I closed a few positions today in fact for various reasons. Buying breakouts with the indexes so extended is a bit risky, but there are still stocks forming bases, looking poised to move higher.

I am trailing stops with all trades, and have peeled shares off all of them. I just know at some point, I’m going to get stopped out of everything in a single day, but that’s OK. I will still leave with some fat gains.

Trade Ideas for 03/10/10:

Good luck and good trading!