A choppy, low volume trading day, which turned into broad buying in the afternoon with the S&P 500 closing over 1000. The market continues moving higher, but how long can this continue? Looking at this chart of the S&P 500, the answer would seem to be “not long”, but it continues moving.

I had some triggers, all on low volume though, and the choppiness was frustrating. Let’s look at those:

The biggest mover was NTES. It gapped up at the open, but I took it anyway.

The next one was PCP. It triggered and slowly moved it’s way higher, still looking good here.

NETL gapped up, but offered a buying opportunity. I it took out my stop, then moved higher without me.

FCS triggered at the open and then pulled back, but recovered well.

TUP triggered in late afternoon.

CKSW gapped up at the open, then sold off. Although I bought the gap up, I am keeping it on the Watchlist because it’s below the entry point and could move tomorrow.

There was some nice movement in recent triggers. For example, CHUX added over 8% today.

VITA continues to move well from Thursdays trigger.

I was hoping for MICC to blast off last week, it didn’t, but its moving in the right direction.

Trade Ideas for 08/04/09:






Good luck and good trading!