my trading...

ARBA broke above prev high nicely, but it's a little too early for me to trade.

 

COCO pulling back on heavy volume after a huge gap up. Not a good short yet.

 

I see SYNA is down at 35.76. Nice short.

 

Best to short stocks that break below the prev day's low on heavy volume.

 

3m charts work best for me since i like the factor of 8 for my long MA ..

3 x 24 SMA on a 3min w/ env bands ...1% offset SMA

exit strategy is a snap back into the channel and a test of the 24 MA from the reversal ..

 

Guys any idea whether short term bounce is about to happen or further bleeding in nasdaq?

 

FOXH popped out of consolidation and ran up to just past 31.00. A nice, quick profit for those that had it. ANPI broke above prev high (17.98), but pulled back to 18.00 and basing there. Forget about it.

 

what do you guys thing long on MERQ after 42?

 

The above corrected to ANPI. Mistakenly typed ANIP.

 

The market has gone to sleep, my streaming breakout alerts are coming in slow (means weak to the upside), and CBSMarketWatch is saying "Gains turn slippery". Nothing to do now except watch the index.