Wednesday, July 6, 2011

Just Searching.

Part of trading is being patient and finding the patterns that you like to trade while your main trading option is on hold. Sort of like hunting or fishing in a different spot until your main spot becomes active again. I use Yahoo's Finance Screener  to search stocks with certain price criteria and looking for bullish/bearish divergences of MACD histograms, with one eye on OIL and SCO.

As of now, I think the market is overbought and I expect a pullback. I am looking to go long a high beta, low priced stock on this pullback.

Daily Chart by

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