Friday, October 12, 2012

It was a good swing trading environment from June, but with the pullback here, elections looming, Euro and Asia news, mixed signals from the dollar, bonds, and vix, etc., holding for traders is more difficult right now. The good news is that earnings season started this week, and these morning gappers have acted very well. JBHT NPSP STM STEM ECL were all very tradeable today even though the market has been soft. Yesterday GOV PVTB FAST CLWR FOLD were all pre-gappers that offered trades. My swing trade hat is off and my daytrade on. I will swing but only positions with good cushion from my entry.

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