Trading 4 Living-get TOMORROW's movers TODAY

Wednesday, January 3, 2007

This is a great way to celebrate 2007. I was skeptical about the market, now though I am not completely convinced, I am putting money to work.

NYX is up $3 since my recommendation.

I have not been optimistic for some times, today's nasty reversal further validates my neutral to bearish view.

CTRP continues to climb regardless the general market. Tighten the stop, don't let the profit slip away.

This is a good example that traders should take partial profit along the way. By the way, it is a sell at the open.

Also WYNN.

I closed ATI today.

CTRP now is up over $5 since added in my newsletter last week.

Up $7 since my buy pt.

I will close ATI at $100 area.

I added NUE couple of days ago, today it is up $5.

I added WYNN last night, it is up $6 today.

I would take some profit off the table today for a whopping 13 pts within two weeks.

Another one in a trading range.

Notice we are still in a trading range.

This is the weekly chart of NASDAQ. Notice we are at the upper trendline. If history repeats, we are likely going down from here.