Yesterday I posted my long watch-list and on that long-watch-list I showed McDonald’s still on there despite a crazy head and shoulders pattern forming on the daily and the intraday charts. If you know me for any time now, you’ll know that I steer away trying to trade against those obvious pattern types. However, just
Yesterday I posted my long watch-list and on that long-watch-list I showed McDonald’s still on there despite a crazy head and shoulders pattern forming on the daily and the intraday charts. If you know me for any time now, you’ll know that I steer away trying to trade against those obvious pattern types. However, just
Another mix of swing-trades to the long and short-side today. The market is looking indecisive, but that should not come as a surprise considering the run we’ve been on of late. LONG: Universal Desplay (PANL) Â
We’re finally seeing some weakness out of this market as we have pulled nicely off of the day’s highs and into the red. But the constant theme of this market so far in 2012 is the seemingly endless bid underneath this market. We haven’t seen it kick in yet today, but one can’t discount that
Self explanatory...see more at my blog www.talesofthedaytrade.blogspot.com Â
Rough day for the bulls today, no doubt! We’ll see if they can bounce this market tomorrow, and get back to their old habits. I would be careful about going long on anything right now, until the market makes its intentions a little bit more clearer. LONG: Starbucks Corp (SBUX) Â