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2d Trading

Swing trading and short-term picks

Options Expiration Week

Posted on 05/13/2008 14:13:54 | Link | Post Comment

After the flat open, the market was able to rally with still strong buyers. The volume was pretty weak making this move more than suspicious, considering also that this is an options expiration week. This announces a pretty tricky week ahead where the risk to lose money will remain extremely high.
AK Steel Holding Corp.(AKS)

gapped up to a new all-time high four weeks ago. The stock is moving in a well developed cup and handle pattern since then and could break out soon.
Chart Courtesy Of TeleChart Swing Trading, Technical Analysis, Daily Stock Market Commentary.
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