I got a late start tonight and am trying to get this out by 12:00 CST.
I had a rough start with some of the stocks I was holding going into today, and a couple stocks that triggered in the morning underwent some selling pressure, but the market finished strong. Triggers like NTES and APPL did well. TTM held on. I’m not sure why I bother with DLTR anymore.
Anyway, the market has consolidated for all of May. We should see some breakout soon, but I have no idea which direction. The fact that we are entering summer in what most are still calling a bear market, leads me to believe we go lower. But there are still a lot of good charts out there. I had to stop scanning because I saw so many that I liked, mainly in energy, coal, etc.
Here are some charts I will be watching tomorrow. I plan to update the Watchlist in the morning, and update the Past Performance page this weekend. Sorry, but not much time tonight.
Trade Ideas for 05/29/09:




Good luck and good trading!
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