pitchforks

Took two losses today. 3% on LMT, and 1.4% on NILE.

LMT:

Not sure why my stop was so wide on LMT... I think it was because I saw resistance around 87, and wanted enough room to move in case we got a retracement before breaking highs....Well we sure got the retracement, but price never broke highs, and I allowed this trade to turn into a loser. I could have taken some money off the table, or at least broke even, but instead I took a 3% hit. Live and learn.

NILE:

I wont blame myself for NILE not working out. This was just a bad trade, but at least stops were tight like they're susposed to be.
 

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LMT on a weekly view is bouncing between 70 and 87. I'll keep an eye on this, and might try a long again later. Buy with the market acting like crap, longs arnt very attractive right now.
 

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I'll give myself some credit and mention that my shorts on UNH and GENZ are so far doing well, and profits have been locked in. I'll post charts when the trades are closed, but so far up 2 & 1.24 points.

Here are some others that look good:

OMX
ODP
RE
BIG

OMX: Very nice bounce, and strong close off the lower fork line. The upper fork line has been tested as well.
 

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