Observing the stock market technicals and exploring opportunities to trade
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Friday, January 20, 2012
Today's trading day is usually a profit taking day, but was surprised that the Dow is leading the pack of the three core market index.
The S&P is on a zigzag mode while the NASDAQ starts to descend from the high open.
Let's see if the Dow will follow through in today's market.
Thursday, January 19, 2012
Left my trading table after I set my sell limit and got stop out at 12545 for a gain of just mere 5 points...a choppy trading almost the whole trading day and the market got its bearing only at the close where it finish at 12580 range...more than enough to beat my sell limit at 12570 range...
Putting sell limit at 12571 and let the trade play itself...
Stop move to 12545...
Will try to exit at 12576 if possible...
Still in the trade...almost got stop out...
The market is consolidating tightly...looks like trying to get a thrust for a breakout...
