Tuesday, October 10, 2006

Pre-open 10-10-2006...

This market is amazing. I've been calling for a consolidation/pullback for a couple weeks now, but the indicies keep rising. I'll take it as both my trading portfolio and retirement portfolio are following the indicies nicely. On the flipside, it does make it hard to find trading candidates.
I flipped through >250 charts last night and only found two that I like. KRC and USPI were the only two charts that fit my trading criteria, although KRC burned me recently, so I am a little gunshy there. MSCC also formed a bullish engulfing yesterday, so hopefully it will work its way higher.
I'm nearly 100% invested and likely won't initiate any new positions today, but maybe the one of the stocks listed above will surprise me. It may also be that CBB hits a stop loss. Also, with oil down this morning, HYDL has me slightly worried. Boy has that stock been volatile.

For now,
Masterjaz out

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