check out the daily on SBUX reverse-h/s a break above the neckline could secure a base on the monthly alex
nice trade on VLO -- 15% trades in the last few weeks deserve recognition. stocks that give back more than 30% of a move usually give it all back shortly thereafter the target for VLO $45 alex
Sorry for not posting here anymore but I started a blog for anyone that is interested. http://www.samsontrading.blogspot.com/ I will tell you now that it's really just for me to correct some errors that I make and for an official record of my trades. So do not expect to much from it.
Dow to 10200-10220 in the next 3 days. You heard it here first. And yes I am short YM from 10330 ish.
shorts are scrambling.the good cpi number was unexpected after a bad ppi number yesterday caught too many on the wrong side this am.
Thank God for stop limits. I was thinking 400 might get tested but once it broke the 50 day and then the 200 all hell broke loose.
what's everyone think about Steel stocks right now? Seems that the trend is still bearish, but lots of technical indicators show an oversold point at these levels: i've been shorting/day trading X (US steel) all last week, and opened another short this morning. Anyone have any thoughts on this sector? (it still looks pretty weak in my opinion)