It seems that the era of the “easy tape” is over for now and we’re back to a stock-pickers market. This means that traders will actually have to do some homework and work at it a bit more to be able to make the income.
We had two shorts, one long support, and one long break-out trigger today from the newsletter — having shorts and longs trigger is also another clear sign that going forward one has to pay attention to levels with more scrutiny. They all worked — a good sign that market acting as it should technically.
We knew there would be some trade around VALE 32 — nice short base on it today and thus far working for day-trade.
UTX break-out 75 on our newsletter last night.
LULU short 41.66 worked well for a trade.
RGLD was listed as a buy at 46.5 — very nice quick bounce there as it hit our alert
A Great Newsletter for Active Traders
We at The Market Guardian are pleased to announce our partnership with High Chart Patterns. High Chart Patterns is a newsletter service geared towards the active short-term trader. Five nights a week, they send out picks for the next day and a list of stocks that are leading the market. Their strategy is two-tiered: first, High Chart Patterns.com seeks out clean, uncongested daily chart patterns that yield good risk/reward trades; second, they teach their readers what to look for in intraday charts: when to pull the trigger and when to let it pass.




