Monday, October 5, 2009

The Plan!

Today's plan is to look for long breakout trades to either take as a day trade, or perhaps hold overnight if there's some strong follow through.  My feeling is the market will roubound off last weeks lows, and make an attempt at getting new highs, however it's clear that this rally is losing momentum.

I will be looking for these quick oppertunities to make a few bucks with a quick trade, then look to go short later when the market shows its hand.

Looking into ATLS, CLP, BRCD, PLCM, and RINO for set ups.

Waiting for VXX BGZ ERY FAZ to set up

I will post my trade recap from last week tomorrow AM - was a busy weekend with hiking.  Until then, enjoy some pics:












For those curious, this was a Mt. Kinsman, NH hike, we only bagged the North peak, since we got a late start.  Still was a workout at about 9mi trip.

No comments: