Nothing has really changed in my market analysis we are still stuck in range. I will look to add stocks at the bottom of the range lighten up on the way to the top. When we get a confirmed breakout above the range I will look to up my equity allocation. As of this moment I am still 70% cash 10% short (FCX) 20% long. Most of my trades have been in a shortened timeframe as we are still range bound. Its a scalpers market right now.
On the setups. Im going throw in some shorts here since I noticed all most everybody on the BOWS right now is strictly long only. Always have to have some goods shorts in the bag. A great shortsetup will often work even when market is going up.
There are lots of charts today. Support and Resistance levels are marked, along with some notes within charts. If you have any further questions, send me an email.
I HAVE 3 STYLES THAT I TRADE ALL EQUALLY. swingtrading, momotrading, and smallcaps. below are some swings (great for partimetraders)
: RIMM, VRSN, CAVM, RRAAY
Rubber Band Setup: POT —-1 more big down day in this a break throw 100 towards 96 will setup a nasty rubberband snapback play