Breakouts have worked well in this market, since the July low. Here is what breakouts I’m holding.
Ameron International Corporation [[AMN]]
Badger Meter, Inc. [[BMI]]
Covance Inc. [[CVD]]
H&R Block, Inc. H&R Block, Inc. [[HRB]]
General Mills, Inc. [[GIS]]
Marten Transport, Ltd [[MRTN]]
Premiere Global Services, Inc. [[PGI]]
Tyler Technologies, Inc. [[TYL]]
United Therapeutics Corporation [[UTHR]]
Pharmasset, Inc. [[VRUS]]
When trading breakouts in this volatile environment, be sure to have smaller positions with wider stops.
It is a good thing I didn’t get back in FXP yesterday.
Like I said if the DOW brakes 1170 all hell might break out on the up side. What my software was telling me was that the BULLS are in charge. During a bear market I use mostly Contrary Indicators. If you google Maxim group contray indicators 2000-2003 Bear Market you will get a pfd on how to trade a bear market. There is an indicator every hedge fund uses for oversold/overbought. The funny thing is you almost produce it using RSI2. I like the T2108 indicator. If you use $nya50r and $naa50r on stock chart.com it is pretty close to the t2108 and it is free!!!
Sorry Wood;
That hedge fund indicator is not in that Maxim Group report. It is close to the RSI2. So it is not that important. We should call the RS2 the Redneck Hedge Fund Indicator. Being a City type redneck myself. That was the Dow 11750 not 1170.
Thanks for this, it is just what I was looking for. I’ll be coming back here and reading what else ya have to say.