Monday, we had two Stocks to Watch, two Extra Innings and two Around the Horn subscription trades on our radar. Of these, hit for profits and the rest were no-shows.
Illinois Tool Works (ITW) was an Extra Inning long for Monday. Entry was in the morning and it was a smooth ride through the lunch hour. ITW struggled with last week’s tops briefly before continuing to end of day. Partial or total exit was either at the struggle mid-afternoon and drop below the 8 period simple moving average or end of day for any remaining shares.
Illinois Tool Works, Daily Chart
Illinois Tool Works, 5 Minute Chart
Extra Innings and Opportunities for Tuesday, August 28, 2007:
Abercrombie & Fitch Co (ANF) may try again to stretch for May’s highs and we’ll be watching again tomorrow.
Copyright 2024 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
