The market looked strong initially, as it responded to a 1% increase in reported retail sales, due to the recent government rebate checks. But the chop didn’t stop. The indexes closed higher, but way off from their intraday highs.

There was one trigger from the Watchlist. It broke out early with low volume, but looked promising. It failed to gain any steam and pulled back. Maybe it will try again tomorrow.

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I was a bit frustrated today by a missed opportunity. I usually have several charts each night that I like, and narrow it down to the ones that look like they are most likely to move. Sometimes I leave out some good ones. Case in point: I had this stock on my screen last night. BZP has offered more than a few great day trades in the last few months. For some reason, I passed on this chart, and didn’t notice it until later in the afternoon. It closed up over +7% today.

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I will be watching this tomorrow for some continuation; maybe I can get a chance to day trade it tomorrow.

Here is a recent pick from this month. I am not in this now, but it has been moving higher. I plan to keep my eye on this one for a day trading opportunity tomorrow.

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Other than the charts already mentioned, I am not too excited about any other stocks tomorrow. Although there are two charts below, these will need heavy volume, or I won’t be trading them. Looking for day trades.

Trade Ideas for 06/13/08:

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Good luck an good trading!