Tuesday, March 20, 2007

Good Morning Tuesday

Sorry I didn't have a chance to put up a pre-market - but I think it is doing what was expected after yesterday's boom.

I added MVL and MPW this morning to the trading portfolio. These are both stocks that appear to be wanting to recover from the recent beat down. Both of them from a daily BOB set-up. I'm looking for about a buck out of both and set the stop at the S1 pivot point for both.

I'm going to be developing a couple of posts on the Return to 4 set-up that I like on a gap-up - I'll show you how to take a set-up of this nature with a high probability of success and how to avoid those with low probability.

I've got about a half dozen examples so I'll run this across several posts and it will take a bit to develop - so watch for it.