It was an ugly afternoon yesterday but the indices managed to stay above their November uptrend lines. They're getting squeezed between those rising November lines and the falling 50-day moving averages. Something's gotta give soon.
Yesterday the VIX got to within 0.25 of breaking its November low before the afternoon market weakness made it reverse. Let's see if it can finally break below 44...
On Today's Calendar:
- nothing
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates. Also be sure to check my typical swing trade entry & exit rules.
Potential day trades:
Note: I can't post the gappers any more. I'm trying to find another way to post the early movers, hopefully via a live scan. Stay tuned...
Disclaimer & How I use this list
What do you think of MOT? It looks like it's building a nice base between 4 and 4.5 and could reclaim the 50 DMA.