Today was a perfect example of taking advantage of a counter trend rally as a perfect entry point for a trade with the trend Yesterday, MON was up almost 9%, however, during the recent counter trend rally, all up days have been on much lower volume the down days. Yesterday’s rise left the downward trend [...]
On July 29th, 2008, I recommended MDU short at $31.26. With today’s close at $18.60, and the overall markets reaching levels of support, I’m recommending this trade be closed for a net profit of $12.66 or 40%!
In my hot stock picks article on September 18th, I recommended 2 stocks for a short:
Update #1 – JRCC JRCC has been a great short pick. It is in a downard channel and showing no divergence what so ever. This pick has gained 20% in two days, and we’re already adjust trailing stops! The target still about 3 dollars or another 10%.
Symbosl are MTZ and COST. Unfortunately, my computer is giving me problems attaching images to this post, so it’ll be all text until I can get it fixed. MTZ (Construction Srvices): This stock is showing a huge divergence between price, the PPO (momentum), and the DMI (trend quality). Normally this wouldn’t be enough for me [...]
