8/26/2010 gameplan

Morning folks. Futures gapping up slightly. Been strong all morning.  Oil is up 1% which is good too see.  Stocks all across the board are higher. The jobless claims numbers wasnt a big surprise either way so that has no effected the market.  main thing is we are on the bottom of the range.  To have a bounce is the higher probablity play in terms of risk to reward. Dont be surprised to see a mini squeeze ahead of teh big boys coming in after Labor Day.
We added quite a few stocks last couple days for multiday swings so I will be selling them off into strength along with my usual daytrading.
 ego, rax, anv, slw, arql, axti, hl, sa

Leave a Comment