Lot of these stocks have had no real bid this week , just some
prints and then fade. There are open intraday gaps in
these stocks gong back to Friday. Smellgene broadening low
tapped out recent range right up into old lows, whole biotech
sector did that. Intradays on many issues much worse
than the dailys look, don't see anything taking us higher
here. Really liking the TZA , for skimming off /es
reversals easier to stomach than 6 tick stops on the /es.
AA, inverted hammer today , reminds me of the gold fakeout
. Gapping higher, vulnerable underneath.
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LMT , PPG , faders air pockets below
Posted by cmunny on 1st of Apr 2014 at 01:07 pm
Lot of these stocks have had no real bid this week , just some prints and then fade. There are open intraday gaps in these stocks gong back to Friday. Smellgene broadening low tapped out recent range right up into old lows, whole biotech sector did that. Intradays on many issues much worse than the dailys look, don't see anything taking us higher here. Really liking the TZA , for skimming off /es reversals easier to stomach than 6 tick stops on the /es. AA, inverted hammer today , reminds me of the gold fakeout . Gapping higher, vulnerable underneath.