Trade Setups for Tuesday 1/5/10
Posted by lasertrader on January 4, 2010
Today WBD and AHD triggered long. AHD was moving quickly through the trigger point so the position was taken a little above the trigger. The AHD breakout didn’t keep running and did pullback in the afternoon but managed to close right at the breakout level. This will have to be watched closely and if it doesnt move up tomorrow it may be prudent to close the position early. WBD triggered and broke up nicely and then coiled for the rest of the day. Hopefully it will see another push up on Tuesday.
There are many long setups for Tuesday (which is always a red flag) but the ones that I will be looking for are JOYG, CAAS and RAX long. There is one short setup to add in case tha market does start a pullback and that is HIG short.
JOYG long 56.35
CAAS long 21.15
RAX long 23.25
HIG short 22.85