Tuesday, December 29, 2009
ACCESSIBLE TERRAIN
Market yawned today, which is not surpirising after six straight days of gains. There was no leadership to speak of and no conviction one way or the other. Many of the sectors that have had such a good run on this break out became quickly overbought, as we discussed yesterday. Not surprising then that all of our current postions were flat. We will look to enter some new trades (listed below) once the market decides to rest and stay above the break out support levels. We will look at several stocks that are setting up nicely for up or down moves depending on what the market decides to do with this break. With it being the end of the year with only two trading days left, it may be best to wait until next week to look at putting any money into the market. Just my way of thinking. Allow the market to tell us what it is most likely to do and we will ride along with it, until then enjoy your recent breakout money while it sits in the bank.
BATTLES WON (PROFIT TARGETS HIT): NONE TODAY
BATTLES LOST (LOSS TARGETS HIT): NONE TODAY
