Evening friends. Here is tonights watchlist. Market was very solid today the one thing I mentioned in the morning was that we would probably see a dip or profit taking at some point and if buyers came in end of day thats our signal that we might want to add some stocks. We tested that 50dma on the s&p and bounced right off. As of right now the market seems ok to me with upside target of 200dma on the s&p and todays lows as our nearest level of support. Regardless of the markets there is some great speculative action in smallcaps. We had some very big runners in chatroom today on LEDS, MY which were 2 of the top gainers in the markets today we caught both of those early. If you want to see how i trade check out my trade review on MY which we sold our last shares for 25% gain. We trade these setups often. They are a bit different then most of the traders you see who draw triangles and things on charts and buy the move above. To get real momo plays you have to look at stocks in a different manner.
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