Momentum Trader Report: 08/31/10

The market looked pretty good in the afternoon, but couldn’t hold on. The NASDAQ looks like its consolidating, getting ready for the next move.

I had  3 triggers today, but none moved strongly and two pulled back. However, I am holding  on to two of these, hoping for a better move. The first one is NR.

SXCI also triggered, but I day traded this one for a small gain.

Still holding TIBX.

I am still holding some ANV as well. Gold stocks have been on the move, although this one could be about done.

TSL was also a recent trigger that had a good day.

Trade Ideas for 09/01/10:

No new charts, but the ones in the watchlist are still looking good. Still keeping  these short term; will likely adjust the buy point in RIG.

Good luck and good trading!