Monday, April 27, 2009

SDS Trade Management

Click on Chart to Enlarge

The chart above pretty much explains expectations and trade management for this week. Since we look set for a large gap down, we should be able to move in a breakeven stop pretty quickly, and hopefully catch the move I was looking for last week on the BGZ trade.

In the next day or so, I hope to get a post up looking at some specific outperforming stocks and show what to look for typically on entering those types of stocks. Eventually when the bear market is over (or if it already has reached its low, which I don't think so yet), it will be important to understand when to buy growth stocks from a charting perspective.

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