4/14/2011 gameplan | Bulls on Wall Street

4/14/2011 gameplan

 

Lot of stocks showed up on the scans. Some look good for daytrades & some look great for swings as long as market cooperates.  We are now in a nice support zone and starting to get oversold which gives us a higher probablity of a bounce soon.   The big red flag for me is what is happening intraday on these opening gap reversals meaning the market opens up high and green and then just fades all day sucking in all the traders then thrashing them into stopping out of positions by end of day.

 

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