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  • Good morning, America! 0 comments
    Nov 4, 2009 4:56 AM | about stocks: TEX, MAT, CAL, USB
    04/11/2009 review

    There small volatility in DOW index now. And volume decreases. Maybe we are going to consolidation phase? So it’s difficult time for traders. There is a strong resistance at 9969.91 level. If DOW hits this resistance, we will change our short positions to long positions. It’s a bear market now.


    Some ideas:


    BWS price stopped to fall yesterday. Place your stop order at 10.63 USD and take your profit:


    There is interesting situation in USB price’s chart. You can manage your position in two ways: add to your short position at 23.06 USD or place stop order at 23.91 USD and take your profit:


    Place stop order at 21.17 USD and take your profit in TEX position:


    Place stop order at 19.24 USD and take your profit in MAT position:


    It was a perfect time to buy long RYL:



    Here are more ideas 



    Good luck!



    Disclosure: NoTEX, no MAT, no BWS, no USB, no RYL at my portfolio.

    The charts and comments are only the author’s view of market and aren’t recommendations to buy or sell any security.

    Stocks: TEX, MAT, CAL, USB
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