Good evening StockBandits!
A choppy climb from the morning lows put the indexes at their best levels by the early afternoon, although none of them were up very much. Today’s trading ranges were rather narrow, so despite some afternoon selling pressure, the uptrends on the daily charts are still intact.
The current environment continues to be characterized by a lack of big upside days (no runaway momentum), and the inability to pull back. That’s keeping impatient bulls on edge, while keeping the bears at bay (for the most part). Eventually this is going to change, and we’ll see volatility pick up once again. For now however, it’s our job to make the most of the setups which do come along.
Tonight I looked through quite a few charts, and the setups I liked best will be my focus for day trades on Tuesday. I have enough long-sided exposure with my current swing trades, so any additional trades I’ll be placing will be only for short-term moves on Tuesday.
Please leave your comments and/or questions below if you have any, I always enjoy the interaction.
Here is tonight’s video:
The Bandit Broadcast Video – Click to Watch!
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Video Stocks Discussed: ACXM, DAL, V, CAGC, AGN, RTI
Swing Trading Candidates:
NONE TONIGHT
Bullish Watch:
BA, LEA, TRW, MSG, PCL, VMW, ACXM, DAL, BAC, DPZ, AIG, UTSI, WMS, FR, STT, V, CNH, NFLX, BZH
Bearish Watch:
CAGC, AGN, MON, RTI, CAG, IAG
The Hit List will be coming out soon with discussion on open positions and swing trade stops and targets, so be sure to watch for it.
