A boring day in the market, which is good. It’s nice to see the market hold on to last weeks gains. Some of the action was in Oil which rebounded, and the fertilizers, which are perking up. Some of the fertilizers will be reporting soon, such as POT which reports on Thursday. Outside of this, there was little action. But that changed after the bell. American Express had disappointing earnings, and AAPL gave poor guidance. This will likely have a negative impact on all of the major indexes tomorrow morning.

One of the stocks from the Watchlist hit the entry price today. It was NDSN, which barely triggered at the very end of the day. You can barely tell from the chart.

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This could have been an avoid due to when it triggered, since it would not have provided a good day trade. Volume was also very low. It did close near the high of the day though.

We should see a pullback tomorrow. Hopefully not too deep. I would like to wait and see before taking new longs. I only have a couple stocks I’m considering now, but volume will need to be very impressive on these.

Trade Ideas for 07/22/08:

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Good luck and good trading!