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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

June 29, 2009

Lazy Summer Trading

Filed under: Stock Sector — Online Stock Trading @ 7:08 pm

The pick of trading plays has dried up this summer week, as another quarter ends tomorrow.  Those penny stock plays that were thriving a few weeks ago are silent too.  I feel the quiet before the storm. Or maybe I’m just being lazy, but I see no reason to work too hard trying to trade a market without a trend.

I am watching ERY, as the pullback on the daily fills the gap, but not in any hurry there,  as the moving averages flatten out.

ery-062909

XAU  is trying to form a lower high on the daily.  I wouldn’t trust the pattern though.

xau-062909

June 25, 2009

Searching for a Trend

Filed under: Stock Sector — Online Stock Trading @ 8:28 pm
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