Thursday, February 18, 2010

The Daily Note - Taking a Break

Members of the Play List have been watching and playing in anticipation of earnings announcement which did not disappoint. Today, we'll take a break to let the prices adjust and smooth out before we see a continued direction to take.

It is good to take a break away from a followed equity once it makes a big move, because attention to big movers brings in traders that are likely to put the stock into what I call a "tizzy" or confusion where direction is hard to pick. So unless we have a clear continued direction, PCLN is now on a break. We have other plays to discover and other moves to dance to. Always dance to the feel of the music and pause at a break.

Happy Trading, Living and Dancing

The Play List:

FSLR was on yesterday's Single Note for a +2pt. Today, let's see if we can make music. Earnings after hours.