A powerful bull move in the market today, with the NASDAQ closing up 1.74% and breaking through overhead levels, with still some room to run before it hits another.
It was a huge day for ID, a trigger I was still holding from last week. The stock gapped up early in the morning on buy out news. After selling POT too early last month and missing its huge gap up, I was very happy to catch this one. A gap up of 20%! I believe there is still room to run in this one.
It was also a good day for triggers. I had four of them, with MMR being the strongest. A powerful breakout today with perfect volume.
DRIV also triggered and still looks good.
EQIX and FDO also triggered and I still like them.
CPT triggered on Friday and moved well today. This has a cup and handle pattern that often precede big moves. Many real estate stocks and ETF’s look like this one.
I didnt post this on this blog, but did post this Friday on Twitter, and I picked some up then. It did well today.
I also posted this one on Twitter back on 09/03, just before this on began a huge run. I day traded did. Boy, do I regret selling this one.
If you are not on Twitter, or on StockTwits, you should be. There are some great traders there who share some very profitable ideas.
Speaking of selling too early, I had this gold stock and held some shares all the way until 09/08/10. I thought I was pretty smart for selling at the big red candle, but it was a shake out. Gold and gold stocks have continued higher since.
My stop in this trigger was too tight, got stopped out last week.
Some other recent triggers that continue to do well include:
Good luck and good trading!