Love the FOMC Chop
Took a position in CTSH before the FOMC minutes, and glad I did as it held up well. BRL is doing absolutely nothing, but it does remind me of trades a while back that took time to develop. As long as I remain objective, I'll be fine. See my notes below on CTSH. Had to mix things up a bit because the usual Stockcharts.com charts were unavaiable. I added my criteria check at the end of the day, so it is a little biased due to the price increase...
CTSH:

CCI: Yes, barely below -100
Stochastics: Yes, nice
Sector/Industry: Yes
Market: Yes
Industry > Market: Yes
Signal: Good engulfing
Upside::Downside > 2: 2.0 (with rounding, also, stop set at yesterday's open, not low)
I will be watching the following stocks tomorrow, may be an interesting day given it is the end of month, quarter, and half year...BPOP s, NCI s, and SGMS s. Not the prettiest charts but okay.
For now,
Masterjaz out


3 Comments:
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Master, do you trade full time out of Fort Collins?
Hey dude, couldn't find your e-mail anywhere so just leaving a comment :)
I'm doing pretty simple automated stuff but if you want to chat, e-mail me at tyrotrader@gmail.com
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