Thursday, September 25, 2008

How do I find a trade?

I did not have any ideas for a few days, but today it was obvious.

from http://finance.google.com, each sector is shown:

Image Hosted by ImageShack.us



Obviously utilities outperformed everyone else by a margin.

Then enter:


XLU
stop at: 32.82
target 1: 36.8, it I see a doji there in that area, I sell half, and set the stop below that doji.


BTW: I watched the Today show this morning and I saw Cramer!
I never care much about "Mad Money" because of his showmanship. But today he was all dressed and composed today on the Today show. He recommended everyone to sell off at least 20% of their equity holdings. I agree.

Anyway, still not a big Mad Money fan, because it does not promote independent stock selections.


shorts: politics
longs: XLU

If you find this blog beneficial to you, please donate to your favorite charity.

Link back to the Blog

No comments:

Custom Searches

Search Results

Links