11/19

11/19

I think I`m going to stay neutral today. The market got its gap up at the open yesterday, but I could`nt find a trade after that as most of my stocks flat-lined.
If you have`nt read the post by http://leighdrogen.com/ on not shorting an uptrend, you probably should.
So, yesterday did`nt look as strong as the gap seemed and the charts I offer up today still show signs of short term weakness.
CIEN does look like a promising long. I threw in ANF from TraderStewie http://theimpatienttrader.blogspot.com/ as a possible long.
I don`t like this market right now and except for a day trade here or there I`m sitting it out.
Good luck.