Tuesday, December 27, 2011

Lots of Potentially Nice Charts, But Most are Thin

Hi traders - today was a choppy, low-volume day and I expect the rest of the week to be similar (choppy but with a positive bias).   There were a couple of quick spike-downs intraday that stopped me out of some positions and I think I have to adjust for this thin environment over the next three days. 

I did see quite a few setups that normally would interest me greatly but so many are low volume that I may not be as aggressive if I go long any of these names.   I put together a quick video going over these names, so check it out below.   I would also pay attention to the typical, lower-float mo-mo names this week because in this environment, they can move quickly.   Good luck Wednesday.

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