The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Monday, August 01, 2011

More Weakness

While the market is showing increased fear and weakness, we are still within the parameters for a double bottom, so do not discount it just yet. GENE is back on the radar, but I am hesitant in rebuying after the halting nonsense. I suppose, if you wanted to day trade it, you can while avoiding the carry over risk of the halt.

Showing Strength: ADRL, AERL, GENE, TSTF

Breaking Down: AGP, BORN, CYH, CYOU, DHX, ENSG, HAE, HCA, HGR, HRC, KND, LIWA, OCR, OHI, SBRA, SKH, UHS, VHS

Short Watch: All healthcare plan stocks are being pummeled. These will lead to deep corrections industry wide, leading to strong shorting opportunities.

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