Thursday, February 21, 2008

Trading for 2/22/08

A light volume down day today, but that didn't stop a couple of my picks from last night performing well today.

PTEC was the big performer. I told you it had to do something. Today it broke out and rallied +7.47%.

DAR also broke out nicely.

I didn't have this stock on last nights picks, but I posted the chart on Monday. It's VNUS and it moved nicely today. If you missed it, don't feel bad; so did I.

MON broke above the 120 mark that I was watching. In fact, it gapped over it right at the open, and again later in the day, but it ended up being a disappointment. That's ok. Can't win them all. Maybe tomorrow.

BUCY gapped up over the buy point, but quickly sold off. I don't buy gap ups if I can help it, and fortunately, I didn't have a buy stop for BUCY. It closed down -1.3%.

I still think the market will go much lower at some point soon. But as long as stocks are breaking out, I plan to trade them. Until then, I'll just keep playing the stocks with the most mo'.

Here are some stock's I'll be watching.

BZP was a past winner, could be a future one too.

CMED, come on, I'm pulling for you!


ILMN. Looks kind of like a cup and handle.

OI is another past winning trade, and is holding up after 4 down days in a row. I will need to see some heavy volume with a breakout on this though. I am skeptical.

Still waiting for YTEC.

Thanks for those who commented last week. Nice to hear your feedback.

Good luck and good trading!

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