Morning Coffee, Day Trading Watchlist 12.28
December 28, 2012 - 9:31am
Wall Street Nole's Morning Stocks to Watch for Day-Trading
"Oh, the best part of waking up..."
I hope everyone had a great Christmas as I'm ready to rock today despite what is still perceived as a lack luster and untrusting market.
Yesterday we crossed below the most significant level in the last 2 months from my analysis on the S&P. Ironically enough we surged right back above the 141.40 SPY level at the end of day rally, creating a hammer tail on the daily chart. With an expected gap down this morning we are confirming the bearish direction but nothing will be final until the cliff concerns are taken care of. Going over, under or through the fiscal woods are all in the realm of possibilities. As trader, i'm only concerned with the fact and am not in the business of political projections. Once a decision has been made, I'll be able to start trading again with less systemic ...Continue reading this article »