Bullish Patterns Continue to Emerge

Nov.11.10 | About: Cavium Networks, (CAVM)

As long as stocks with bullish implications such as cup/handles continue to show up on my nightly scans, this market is going to grind higher. Yesterday gold, along with the general markets, rebounded just as I thought they would and I recaptured some of Tuesday’s losses until…..I was blindsided after hours with my Caveum Networks (NASDAQ:CAVM) position. Luckily it hit an intraday sell area and I took 1/2 of my position off the table, but news events like this are par for the course in the life of a trader.

Sometimes the news is your friend and other times it wipes out your winnings and then some (click to enlarge)…