Thursday, July 10, 2008

Markets Down, Up, Down..Did We Mention We're in a Down Trend?

After moving down after the open the market rallied with the DJIA up 120 points before reversing moving down where it is currently down about 50 points. Other indices are behaving similarly. Oil is up $1.35 over tensions in the gulf. Stay focused on the trend of what you are trading and follow your entry and exit rules and you should be fine. DECK, LEH, NKE are breaking below current support. IPI, RIMM, AAPL breaking the high of the low day. Thursday's Action Moving Up: FSLR, USO, X, FWLT, CNX, CF, IBM, MTL, POT, CELG Moving Down: BIDU, STRA, DECK, LEH, RIMM, IPI, AAPL, MA, SOHU, NKE, MER, AMZN, JASO, ESRX

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