This is a blog dedicated to daytrading the market. Note: This isn't a solicitation for investments or should it be used as a basis for investing. Daytrading is risky and if you follow others advice, you could lose.
Monday, July 11, 2005
Well another HOD close.
Markets paused midday but continued the straight up march. DSTI on verge of a break and BOOM was active today. But I wouldn't touch BOOM up here unless it truly breaks to a new high. Housing and related stocks like IPII straight up also and we have some situation where they are way overview's. So I am picking my breakouts carefully and not chasing the market. With the vix hitting a 9yr low and the total lack of fear out there, it sets us up for an airpocket. Going to keep scalping till we get a pullback and a healthier re-entry point.
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