Lasertrader's Place

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Posts Tagged ‘RHT’

New Watchlist Setups for Wednesday 1/27

Posted by lasertrader on January 27, 2010

On Tuesday 3 trades triggered TQNT long, FTO short, and GMXR short. With the gaps we have been experienceing I cannot emphasize enough that you enforce the first 30 minute rule. Don’t automatically take any alerts that go off shortly after the market opens on a gap in the stock price. Give things a chance to settle down and look for a retrigger or another valid entry near the trigger price.

There are two more shorts added to the Watchlist today but I suggest we pay attention to the Big Picture realizing that we are at or near a point in the markets where we could expect a bounce off support. Keep a short leash on any new short positions added today in case the market decides to start a relief bounce.

EMN short under 57.50

RHT short under 27.30

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