The Chart of the Day…

James River Coal JRCC sky rockets on Mitt Romney debate remarks


Trades Made Today:


1. Booked (covered)  position in ACTV at $11.56 from $12.17 for a 5% gain. 

2. Day-Traded ATRS $4.03 from $4.00 for a 0.8% gain

3. Day-Traded BGCP 5.13 from 5.09 for a 0.8% gain (coincidence)

 

Quick Glance at the Market Heat Map and Industries

heat-map of the S&P 500

Notables:

  • I’d feel much better about this market if Tech could move in unison with the rest of the sectors. 
  • Basic Materials and Financials once again blazing the trail and moving higher in lock-step. 
  • The unmentioned sector’s moves were rather muted.

SharePlanner Compass:

Stock-Market-Compass-Full-Uptrend

Uptrend remains as its. Up 5 out of the last 6 days. 

And of course…the RIDICULOUS!

WallStreetNole reminded me of this gem of a video of some guy giving market commentary with a mix of Jim Cramer and Randy Savage…. CANCEL ALL ORDERS!!!

You Might Like

  • Trading Market Corrections with Swing Trading Strategies

  • The Anatomy of a Short-Term Bounce

  • January Barometer: As January Goes