Wednesday, June 9, 2010

6/9 - eod scan


  • BP got brutally hammered today
  • many stocks confirmed the possible 2x bottom yesterday with good reversal candles...so if today holds up, many stocks got a great recovery rally atleast back to the prior high
  • 2x bottoms are mainly all still way below 30ema...risky setups
  • several charts beginning to show a higher low and lower high and now bouncing higher again..possible symmetrical triangles that are more likely than not going to breakdown in a week or 2
  • many stocks well off the highs
  • quite a few long setups but none are great
  • spy continues to move lower...doesn't seem to have the strength to make a bounce higher possible today

No comments: