What a day it was in the market as many stocks made huge gains. The NASDAQ, which I showed last night, it now trading above its 200-Day MA, and the S&P 500 is now positive YTD.
There were 3 triggers from the Watchlist. None of them made huge gains, but they did move nicely, and there was nice continuation in Friday’s triggers. Let’s look at today’s first:
NVDA finally triggered and still looks good here as tech stocks lead the way higher.
STAR triggered early and then pulled back. It gained some momentum later in the day and could move higher from here.
I was only looking for a day trade in SNS. It didnt move as I had hoped, but it was enough.
Fridays triggers, both of which I was holding today, made nice gains. They were GNK and CREE.
Low priced stocks have been ripping higher in this market. I traded a few stocks $5 and under last month, such as WYNN, FEED, END and KLIC, and they offered some nice gains. Take a look at the picks from Ragin Cajun and The Chart Addict over at iBC today. Those guys have been all over this market. I took a couple of their picks today (JASO, SGY), and they were up huge! When low priced stocks move like this though, it’s usually a sign that the rally is about over, but I think we still have some more to go.
Good luck and good trading!
RSS feed for comments on this post · TrackBack URI
Leave a reply