Tuesday, July 17, 2007

Trading plan for 7/17

Dow is hitting a new all time high as I'm writing this. Were just over 14000 now. I expect the uptrend to continue volume is strong and adv/dec. is at a very strong reading right now. The system remains bullish.

As for my NTGR position I bought the contract at 2.10 and it's now trading at 2.85. The stock will continue to trade higher so I will continue to hold my position with a target price of $3.25 where I will sell half my position.

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