Three Stocks That Look Poised To Continue Higher
On Tuesday, the Nasdaq started soft but soon began to
rally. However, it found its high in early trading and began to sell off. It
found its low by mid-day and then generally worked its way higher for the rest
of the day.
Ditto for the Ps.
So what do we do? Nothing much has changed.
The indices still look poised to rally out of pullbacks. And, the majority of
all sectors remain in uptrends. Therefore, continue to focus on the long side
but use caution since trading could be thin and choppy for the remainder of this
holiday week.
As far as setups, Verisign
(
VRSN |
Quote |
Chart |
News |
PowerRating), in the strong
Internet software & services (the green line below), looks poised to resume
its accelerated uptrend out of a pullback.
Essex Corp.
(
KEYW |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks poised to resume its
accelerated uptrend out of a
pullback.
The Retail HOLDRs
(
RTH |
Quote |
Chart |
News |
PowerRating), also mentioned recently, still
look like they have potential.
Best of luck with your trading on Wednesday!
Dave Landry
P.S. Reminder: Protective stops on every trade!
P.P.S. Learn my newest and most advanced version of my Bow
Ties Strategy. Click
here for details.