CROX MPEL QLD and RIMM for 011607
Possibly the only thing prettier than the current daily chart of CROX – Crocs Inc., is Lindsay Campbell sporting a pair of the fashionably, ugly shoes in a clip at Wallstrip. The stock closed at a new closing high today, and has been putting in higher lows since I spotted it’s mouth watering base. Held overnight.
On to MPEL – Melco PBL Entertainment (Macau) Ltd., with a 50% retracement of the black, wide range bar, a higher low, and a buy signal today. I’m in. Casino stocks LVS, MGM, and WYNN are still on fire. Let’s get through that trendline MPEL!
Eight higher lows for the ETF, QLD – Ultra QQQ Proshares. It’s got to be close to ending its run? Don’t be so sure. Today could be a pause day for the Nasdaq-100, with more upside depending on where they pin options. Day trading this one.
Anytime a stock loses the 50 day moving average, red flags start popping up for me. RIMM – Research in Motion Ltd., could just be teasing us here, as it did put in a higher low on the 5-minute chart after basing most of the day. See how it handles 128.22, the last pivot high of the 5-minute base.
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Comment by howard lindzon
She is fun to watch crox or no crox
Comment by Online Stock Trading
True. True.
Pingback by SWIR RVBD RIMM MPEL BOBJ TOL GROW Stock Trades–Online Stock Trading | Stock Trading Online
[...] With the Nasdaq slipping today, it was once again a stock pickers market, on both the long and short side for this day trader. SWIR held up. My stop is at 13.83, which is a pivot low on the 5-minute chart from 01/11/07. I’m trying to give this stock some room. [...]