Thursday’s trading was once again a non-event. Volume continued its anemic trend lower and, while the indices made some impressive surge moves early, they settled right back into the sideways choppy pattern we have seen for the past several weeks.
In addition to the swing trades discussed in my nightly trading service, USEC Inc (USU), Horizon Lines Inc. (HRZ) and Dollar Tree stores (DTR) are all pullbacks that I will be watching for an upside move and possible multiday test of recent highs.
Tom Incorvia is a swing trader with 18 years of experience in the financial markets. E-mail him at tom@traderinsight.com.
Disclaimer The article submitted to the Tiger Shark Publishing LLC is presented for informational purposes only and should not be construed as a solicitation to buy or sell securities or securities derivatives of any kind, nor serve as any type of investment advice or strategies. Actual results may differ greatly from expressed opinion. The author expresses a personal opinion and will not assume any responsibilities of the action of the reader.
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