Tuesday, July 19, 2005

Hard To Stop Momentum

Market keeps chugging along. I still see signs that we are near a short-term top. No matter what, respect the individual chart patterns and have a good profit/cut loss plan.

Not much to add, except the night was full of earnings reports. We will see what tomorrow will bring. I have been expecting the rally that happened leading up to tonight. But now we wait to see how the market reacts tomorrow.

New Swing Longs: FILE CUTR LSS ANSI WITS ORA CTTY HHGP NSIT ASTSF

Swing Longs Outperforming Today: DESC GMXR LGBT BCON GIGM PETS ADCT OPMR APT BSMD CKCM AWA VTAL XWG

New Swing Shorts: QLTI CECO WB SXT ACMR

1 comment:

Anonymous said...

Ebay blew earnings away, its up 15% aftermarket.

Great entry today since yahoo didn't do so good which brought down ebay during the day.