Technical Analysis Day Trading Review: Showin You The Money on MALL and ODP
Oct 31, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
Today we unleashed ttt.nets latest upgrade which has turned out to be a huge success and advantage for members of our stock picking program : BLACK SERVICE . Now every day i will be broadcast live during the session a video feed from my trading computer here in always sunny San Diego.
Day Trading Stock Pick #1 – MALL
PC MALL reported record earnings and issued a share buyback program causing some huge momentum in its stock price today after enduring the long lasting sell off. I alerted black service members to go long here at 3.55 on the initial breakout with a target sell area near $4/share which we hit near the close. I took profits at 3.97
Technical Analysis:
Day Trading Stock Pick #2 – ODP
ODP was looking to make a very strong move into the close on the move above $3/share and i alerted black service members to go long at 2.92 prior to the actual breakout as market internals were looking strong. With the heavy volatilty into the close it was hard to say which direction the market was heading. I sold 1/2 at $3 and the rest at 3.14 fo a nice short term gain.
Technical Analysis
Tags: Day Trading, mall, odp, stock pick












