02/08/11 Dave Landry's Newsletter-Trail and Scale
Sent Tuesday, February 8, 2011
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I have an article out in this month's Traders' Magazine:
http://www.tradersonline-mag.com/
Here is today's Market in a Minute:
http://www.tradingcommentary.com/mim/mim020811/mim020811.html
Random Thoughts:
The Ps accelerated to new multi-year highs. The Quack and Russ
broke out of their recent sideways ranges. This action puts them at
multi-year highs too. Considering this, obviously, the big blue
arrow continues to point up.
The sector action continues to look great. Many, like the market
itself, are hitting new multi-year highs. Selected subsectors such
as Telcom-Communication Equipment are doing exceptionally well.
Since the methodology requires a pullback, there aren't a lot of
new meaningful longs setting up. Therefore, focus mostly on
trailing and scaling on existing positions (as offered).
Futures are flat pre-market.
Best of luck with your trading today!
Dave
Questions? Comments? Buy my new book, read it, then shoot me an
email at dave@davelandry.com or call me at(1) 985-898-4993.
Disclaimer:
All predictions are about the future. A lot of $#*! can happen
between now and then.
Information is provided for educational purposes only.
See more disclaimers at www.davelandry.com