Tough trading day in the markets today. The market is stalling right at the upper part of the channel. A push above that channel will be a really bullish sign as we have been in this range for quite sometime now. Until we get a confirmed break of that channel or a confirmed reversal back to the bottom there is not much we can do but daytrade momo stocks and wait.
Here is a look at the trades from the boom room today:
Bulls subs: check out my review of our halo trade today.
JBLU- short setup
DAL- short setup
FOE- gap fill
NEWP- stock flagging.. watch 13 break
ACI- breakout watch
NR- watching for the 7 dollar break