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2d TradingSwing trading and short-term picks |
Daily Commentary
Posted on 09/14/2006 08:59 AM | Link | Post Comment
The stock market continues to rally in a positive action, but the run could become more difficult in the next days. The QQQQ is showing solid overhead resistance with the 200sma and the 38,2 Fib. Retracement. In the same time, are showing my scans more and more potential short setups. I will watch closely the tape from now to Friday trying to catch potential breakouts failures.
Here few stocks to put on your watchlist as potential shorts:
SUPERVALU Inc.(SVU), Applied Materials Inc.(AMAT).
Chart Courtesy Of TeleChart.
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