At the beginning of every week I will take a look at the broad market as a whole and discuss what important updates will be happening in the week and if any significant reports/earnings will be coming out.

Then everyday I will try to find a new stock that I feel is poised for a big next couple of days and set price targets, stops, etc.

Tuesday, April 15, 2008

Tuesday (A bit late)

It looks as if CF has finally run out of steam. RSI has made lower highs. The ADX is the thing that I just recently read about so I'm going to use it here. In a trending market/security the ADX should be above 40 but when it is about to stop it's trend it passes below 40 (as CF has done).

My guess is that they will push for 150 hit resistance and then fall back...

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