A little indecision today as the indices ended near unchanged. Breadth was decent but bulls will need to press soon if the market is to reach new highs. The next few days may be difficult to trade as the indices are right near resistance and buyers aren't exactly stepping up to the plate. Here are a few more charts to keep an eye on.
The Andersons, Inc. (Public, NASDAQ:ANDE)
I think the entry on ANDE was early yesterday so I will be watching for any weakness. I would also like to see more volume.
Digital River, Inc. (Public, NASDAQ:DRIV)
Serious MACD divergences on DRIV as the histogram has been below the zero line for quite some time. It is stalling here at the 20sma and may make a trip to the lower end of the channel.
Cerner Corporation (Public, NASDAQ:CERN)
CERN was mentioned here earlier and it looks like it is starting to turn.
Travelzoo Inc. (Public, NASDAQ:TZOO)
I may be a little early on this one, but TZOO looks like it is forming quite a base here. It is sitting on the lower band and stochastics is starting to turn back up.
Here are a few links as well:
- Traderfeed's one year anniversary post
- Movethemarkets on undercapitalized trading
- Tradergav with more trading plan stuff
- If you've ever kept a hand written journal then check out JC's retirement of his
DT
0 comments
Post a Comment