Tuesday, June 1, 2010

6/1 - lunch scan

  • market sideways...keeps flirting with positive and negative...big moves intraday but as a whole, we did nothing today...
  • way off lows of morning gap down
  • main pattern is a very sharp angle pullback similar to spy
  • because of shortened week, i won't think we will have any bigtime longtrend moves
  • see some good setups
  • can see the market fall down towards the lows by the close
  • oil stocks are doing horribly...many stocks down 5% plus...they are making a new low and no support...but looks oversold without a great setup pattern on the list

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