Friday, July 25, 2008

Scans week ending July 25 2008

Two possible trades this week.

AQP short
CGF long

CGF eliminated because it's in the Financial sector which is currently trading below the 30 week WMA and the signal was to go long.

AQP meets my criteria for entry because the materials sector is trading below it's 30 week WMA and the signal is to go short.
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IVC is trading at a new low so my GSLO will be moved to $6.79. My favourite thing to do is to move my stops.

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Please know that I do not recommend that you trade the way I do. You need to develop your own trading plan that you can stick. to.

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