The indexes do not look that strong anymore after the selling wed. and thurs. could not hold the move up from tues.
That being said I am going to watch RMBS and GLD long today.
RMBS: gapped up on the daily chart and has 2 days of small selling, may be ready to continue moving higher.
GLD: Pullback to a poss higher low on the daily chart and is in an uptrend.
I'm not looking to swing trade these 2, just looking for good daytrade opp's.
RIMM made a much stronger move up on the 5 min chart from the open than QQQQ, pullback 2 bars (10:05-10:10), then started to rally again. Playing the higher low after a strong move.
RIMM made a much stronger move up on the 5 min chart from the open than QQQQ, pullback 2 bars (10:05-10:10), then started to rally again. Playing the higher low after a strong move.
Playing the higher low on the 5 min chart, within this base. If it breaks to the upside and takes out 72.00 it looks like the next resistance is 72.45, so the tgt is attainable.