I entered JNPR today – long. But this trade was stopped out during heavy selling after FED minutes. Volume was OK (above average), but price action was little bit crazy.

I think that market would need correction. But I do not want to short such strong rally. I will do analysis later today or tomorrow morning to check if I will be able to find some low risk short setup.

The only long setup now I have XLNX if it break 27 resistance area and SMH (Semiconductors ETF) if it breakout from current range. Will check if I will be able to find some other opportunities. Utilities was strong today (I have XLU ETF swing trade opened), so I have to go through list of Utility stocks.

This entry was posted on Tuesday, October 9th, 2007 at 10:41 pm and is filed under Stock chart analysis, Stock pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.