Trading Journal - May

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Nitro,

What is your screen shot look like? what index, stocks, you monitor and in what time frames?

I have sector charts, and individual stocks in the sector plus the SP futures. And I use Tradestation 6 for charting.

thanks for your inputs...
 
Originally posted by nitro
Seanote,

CIEN looks like it is in trouble.

What is your opinion of the daily candle chart, etc., and if you know, the company fundamentals.

I do not have any, it is just one that seems to have stuck in my mind from the "crazy days" and it is a little weird to see it and SUNW down here.

nitro
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CIEN looks horrible technically. It's near support in a down trend channel and if it breaks $5.90 area, it's gone! It's a pretty good short right now with a stop around $7.00. I would wait and see how it trades Tues and Wed. I don't know much about their fundamentals other than the fact they havn't turned a profit yet and the sector is getting slammed.
I still like SUNW as a short. Contrary to popular opinions I like JDSU as a long.
 
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