Momentum Trader Report: 08/26/10

The NASDAQ started out OK, but lead the market lower again. It is trading under support.

This is good for my recent QID position, which I’ve decided to hold on to, just in case we dive lower.

Still playing the longs though with 2 triggers today. I took profits in AWI and still holding on to TSI, hoping for a better move tomorrow.

I am still holding shares from my original positions in ANV and EXXI, which are doing well and so far, have given no reason to sell.

Trade Ideas for 08/27/10:

Although some charts look interesting, I didn’t find any to get too excited about. I am only adding one stock to my Watchlist, and it is for a day trade.

Good luck and good trading!