Sunday, May 8, 2011

My best ideas for tomorrow...

Although many stocks have gotten crushed over the last few trading days; I still think we are in an intermediate term uptrend and therefore that the easier money for swing traders is still on the long side. Besides we are so stretched to the downside right now that I would not recommend shorting at these levels. The only group of stocks which have really changed at least their intermediate term trends are the oil and mining stocks. Other wise, most groups/sectors still look healthy especially the $SMH which looks very strong.

Here are my best ideas for tomorrow and how I plan to trade them:

Good luck and good trading!

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