Dear Fellow Trader,

Wednesday was expected to be less powerful than tuesday, as after a big day like tuesday it’s normal to see the market absorb the sudden increase, on the Nasdaq that absorption was not too bad. On the SP500 it was also reasonable, but on the DOW it was almost a 90% retracement of tuesday’s move, which is not a major cause for concern yet….but again let’s see how it does today.

Look at the Nasdaq move still holding. I am showing you the 60 Minute chart this morning for you to see clearly the retracement of the move….which is important to follow.

Now onto the INDU (DOW) , you can see a deeper retracement and we want to make sure that the 8220 area holds as support, if not it could be a little slide….

GGWPQ

Got going yesterday and this chart looks very good, we are in now. It also look like things could accelerate and hopefully the market will cooperate.

SSLR gave us a good 15% increase just yesterday, but this doji bar shows there are sellers around here. Still in but understand that i would not expect this stock to go back to it’s last high….based on the pattern i see…

CLNH could be ready now…but you need to understand where to put your stop loss.

VSTN is fine right now if holding there…

UOMO’s daily range is getting tighter which is a good sign for a potential reversal, but we are not there yet, i would again like to see a first day with a Close higher than the previous day’s high.

Do not let GRO comeback much more than this….assuming you are in this trade from around 2,00.

We could get something with AET if strong volumes comes in.

DYN could be up to something here, let’s follow it.

Have a Great Trading Day !