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2d Trading

Swing trading and short-term picks

Choppy Environment

Posted on 05/09/2008 12:13:38 | Link | Post Comment


The market posted modest gaind in the yesterday´s session, after positive same-store sales reports. The retail sector sold off on the news and hit a fresh 2-week low, showing a surprising strong selling pressure. The price action was choppy on light volume and offered very few good opportunities. Play light is one option in this environment, the other is stay aside. There are no reasons to fight the tape here.
Berry Petroleum Co.(BRY)

gapped up to a new all-time high three bars ago. The stock is pausing at the top and could resume its uptrend soon.
Chart Courtesy Of TeleChart Swing Trading, Technical Analysis, Daily Stock Market Commentary.
Stock Quote or
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