Saturday, January 24, 2009

Friday, trades

Friday, this is the forth day SPY on traded the same range, it gaped down and closed higher. I don't know what this formation called. But there is a three white methods candle formation, still not necessary the same.


Going through Google Finance, Energy sector again has the highest gain for the day.
There I found XCO in the highest Top Mover % Percentage. XCO closed above 8 MA and 50 MA, hence confirmed W-3 movement, icing on the cake: ACC/DIST 95.2


I also found PNRA, in my watchlist, after completing Head and Shoulder and bounced up closed above 8 MA and 50 MA, ACC/DIST 78.9


then it was SUN, one big candle confirmed W-3.


shorts:
longs: PNRA, XCO and SUN

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