Momentum Trader Report: 07/15/09

What a day for the market. A nice rally today which negated the bearish patterns in the daily charts of the indexes, and it looks like more upside is possible.

As we know, things can change quickly in the market. Right now, the sentiment seems a bit too bullish, but there are some good setups out there.

Once again, the biggest mover from the Watchlist was a gap up that never pulled back. I mentioned in last nights post that AMKR would likely gap, and it did. A bit higher than  I expected, but like the previous gap ups this week, it ran well.

And as in the previous 2 trading days, the other stocks that triggered didn’t move much. This was the case today as well. However, these could move tomorrow. Here are the other 2 stocks that triggered today:

As I mentioned in last nights post, I have returned to swing trading, and it has paid. Some of the stocks I was holding going into today moved nicely.

Another recent trigger is still moving strong, TRW.

Monday was not my best day trading good trading day. I took a loss on SEH. Look what it did today.

I hope readers of this blog are able to make money from my mistakes. I am also fuming over the performance of the recent gap ups that I missed, like this one:

I just need to keep moving forward. There are new opportunities everyday in the market,  I just need to be ready for them. Here are some potential opportunities that I’ll be watching for  tomorrow.

Trade Ideas for 07/16/09:

Good luck and good trading!