Talked about this ACI setup in the comments last night. Yesterday's failed B&B BO could result in a breakdown.Here's my trade on the 5 min.
I was watching ESRX for a C&H pattern yesterday afternoon but it didn't pan out. This morning my alert went off. But I didn't react quickly enough.
Just managed a scalp.
My gapper trade started off nicely. Thought it might form a C&H when it stalled, but it retraced too deeply.
Interesting little video on GOOG
5 comments:
Tough day. I thought AMAT was ready to go mid-day. Then it dipped with the market, but closed strong. The daily looks better than yesterday.
Guesses for tomorrow:
AMAT, SIGM, AKAM, OTEX, BDX, GRMN
Jim,
Agree. Fed Speak puts the markets on edge - no follow thru.
Agree with your picks. I also like ARTC - strong EOD - I see a triangle BO potential.
HANS - earnings tomorrow AH
ACOR - H&S top may be ready to break down.
XLNX
PCLN - flag pole - could take a few days.
I think only a scalper with a quick finger can like this type of market--looks like you had the right idea!
NASDAQ is trading in a very tight range. Hopefully we will get some expansion soon. That will create more trading opps.
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