05/02/11-Dave Landry's Newsletter-Again, So far, So Good
Sent Monday, May 2, 2011
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Got a Minute?
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Got Random Thoughts:
Once again, so far, so good: The major indices all closed at
multi-year highs.
Again, I'd like to see some acceleration higher but I'm not going
to complain as long as the market stays at new highs. The good news
is that we will see a pop on the open based on the Osama Bin Laden
news. As usual though, follow through will be key.
And, once again, on follow through and a subsequent pullback, we
should see a plethora of new setups soon. In the meantime, trail
and scale as offered on existing positions.
Futures are strong pre-market.
Best of luck with your trading today!
Dave
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Disclaimer:
All predictions are about the future. A lot of $#*! can happen
between now and then.
Information is provided for educational purposes only.
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