Against The Grain
It was tough for traders this morning, as we had all figured on a down open
and a wave of selling. However, the majority did not wish to capitalize on the
tragic events that led up to the price action today.
With that in mind, there were some opportunities to buy earlier in the face
of the selling, as select issues were showing superior relative strength.
10:41:10
Intraday Setup Alert
VeriSign (VRSN)
is taking out its previous high. VRSN is up 0.72 at 40.80.
VeriSign
(
VRSN |
Quote |
Chart |
News |
PowerRating) was in its third reaction day off of its low, and
gave simple trade though entry on the five-minute chart. It then runs 2 points
higher following the profile.
When a stock bucks the trend, it is talking. If you are going to
go against the market as a whole, this is one of the few spots where you can do
this.
Until tomorrow,
Duke