Pre-open 09-26-2006...

I was a little upset with myself yesterday as I missed a nice trade in LNT. I saw the markets in the red early in the morning and moved on. It turns out LNT saw nice sector momentum and with the markets turning over ~11am, the stock took off, leaving me wishing. Oh well, I cannot go back in time and the last action I should take is forcing a trade tomorrow.

As for tomorrow, there are plenty of choices. I received 217 charts after the close and 14 looked promising. In reality, just about every basic material and oil stock showed nice doji or hammer morning stars. I only picked a couple that had support near by or unfilled gaps.

Watch List: CELL, PEG, NOVN, PRGS, ARM, PPP, STR, CMS, CSX, WFT, NFX, PXD, CHK, and SNDK. I'll be watching these, along with the market to see if any trades should be entered. I have a sneaking feeling that most of today's action was end of month/quarter window dressing coupled with FED speak. But follow through tomorrow may be just what I need to post a positive September.

For now,
Masterjaz out