The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Monday, July 12, 2010

for Tuesday

RIMM coming up on its earnings gap and 20-day MA resistance.POT formed a hanging man candle after testing the 20-day MA, which coincides with a 50% Fib. Retracement. This has the look of a short-covering, popped-stops up move.FCX saw selling on volume and a strong rotation around the 20-day MA. The lower lows/highs is still intact.
All looking bearish
What isn't really?
SPY - looking for a PPT gap up saviorQQQQIWM:DIA:
at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)