Wednesday night update

Posted by downtowntrader | 2/01/2006 09:32:00 PM | 2 comments »

Nice day for indices today. I am seeing more and more good looking charts lately which may be telling us there are more good times ahead. Be sure to read my previous post's as I posted intraday for a change today.

ERS is too over extended to recommend as a swing trade, but it may present decent opportunities for trades the next few days. They were profiled on IBD tonight and should remain #1 on the IBD100.
FFIV looks good if nas can break out.
FDRY also looks good if nas holds up.
HANS pull back may be done.
MRVL is setting up for the next leg up. Doji today near expected support.
RELV is setting up for a bounce off the trendline.
CTSH Profiled on IBD tonight and close to breaking out of this base.
ADAM broke a pennant type triangle and may retest or overtake highs.
This chart looks good but may be a little extended from the breakout area.
APLX looks good breaking out of channel on high volume. Careful as earnings are 2/3.

Good Luck,

DT

2 comments

  1. Anonymous // 10:28 AM  

    WHAT CHARTS ARE YOU USING ON YOUR BLOG. THANKS
    DD

  2. downtowntrader // 4:45 PM  

    All my charts are from www.stockcharts.com.

    DT