Friday, August 22, 2008

Scan week ending 22 August 2008

Hi everyone

How's your trading going? Remember, stick to those trading plans!

TSO has come up as a short today and it's in the financial sector which is still trading below its 30 week wma.

DOW came up as a long but the industrial sector is below its 30 week wma so that's a no go.

I'll exit out of PBG on Monday because it's at a 12 week high.

Will move my stop on GUD to 8.56.

Also got a signal to move my stop on WES, but I won't because it takes me further away from the price action as per my trading plan.

Got automatically stopped out of CSR today taking a loss of $400. Better than $500!

Will write another post after market open on Monday.


Sharon

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