9/13/2010 gameplan | Bulls on Wall Street

9/13/2010 gameplan

 
 
Morning folks. Futures gapping up hard on the news about financial regulation.  Looks like a monster squeeze at the open. This gap should take us right into resistance. big gap ups are very hard to play as the upside becomes limited and then the traders chase which can set us up for reversal so lets play things tight today so we dont get caught in the trap.  Oil is up 1 dollars premarket and is slowly drifting its way back to 80 dollars.  there is no Big economic reports coming out today so we are in the clear on major news driven shake downs.  Just be careful of palying the gap into resistance.
 
On friday many low float stocks were runnning hard like BDCO so keep an eye on further momo from them.
 
 
 
 
 

Type: candle | line | technical    Timeframe: daily
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