Boom Boom Stocks 2/9/2011

Kunal
Desai
February 9, 2011
How to trade stocksbows-opengraphTrading-Watch-List

Morning folks. Futures indicating slight gap down.  GLD, USO looking flat at the open. all indexes made highs yesterday. Vol was still a bit light indicating lot of people are just letting things ride out not much selling….but not a round of fresh buyers either. We did see some sector rotation. Seems people are loading into laggards. Consumer discretionary took off yesterday. Only economic report I see out today is oil inventories at 10am. I have been talking smaller positions in my swings (bigger in my daytrades) as I'm finding it a bit harder to find low risk high reward situations as many stocks continue to get stretched out. Normally a low vol melt up into highs…might offer a chance to look for shorts at some point but we haven't been seeing anything more than 1 day dips so there is really no point to look till we get some follow through on downside. 1 day wont be enough. 2 days might not be enough.

 

 

 

 

 

 

 

 
Subscribe to newsletter
By subscribing you agree to with our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Share