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.

Wednesday, August 28, 2013

Watch for the Bounce...

Despite the market continuing to rally past May and well into the summer, it has hit a bit of a snag as of late. For now, I would keep an eye out for a double bottom bounce around 14,500. If it breaks downward from there on high volume, then stay on the sidelines. For now, keep an eye on the current winners and any other strong, new breakouts. TSLA continues to impress and should continue to show strength as long as the market holds.

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