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Deep Trading Thoughts – 011210

by Online Stock Trading on January 12, 2010

I was finally stopped out of a few long positions today.  Now’s the time to see if there’s any follow-through to the downside.  It’s options expiration week, and they can always throw in a misdirection day to spoil the fun. Stocks like CAAS, GFRE, ZSTN, CGA, CHOP, and TRIT are going to stay on my screen a while until they truly break down.  Tops are a process.

XAU is interesting here.  Trying to hold the bottom channel.

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