Momentum Trader Report: 08/26/08

Stocks finished mixed today on very low volume today, the lowest volume day of the year actually, and the action was very choppy.

There was a trigger from the Watchlist. It was HIL, which gapped up slightly in the morning, triggered, then sold off hard for the rest of the day.

Buying breakouts has been very challenging this summer, especially this month. we are in the doldrums, so this is not surprising.

We will likely see even lower volume for the rest of the week, and I am not very interested in trading until after the Labor Day weekend. I will be keeping an eye on these stocks for day trade opportunities, just in case.

Trade Ideas for 08/27/08:

Good luck and good trading!