LDK traded well today. I have witnessed many intraday reversals and fake breakouts and breakdowns trading LDK in the past. My sense is that many big time swing traders take big positions in LDK and when the stock starts to reverse they hit the bids well thru to exit. It causes choppiness. <\/p>\n
I didn’t see the choppiness today. LDK was pretty clean. It trended up for most of the trading day. It made a nice downmove from 50 to 49 during lunch but that worked out well for me. Tomorrow I will use the 50 level in LDK. Above I will look for strength. Below I will look for weakness. <\/p>\n
LEH had trouble picking a direction today. All the moves were not sustained. <\/p>\n
ELN above 14.50 will get me very interested. A hold above 14.50 in ELN and I will start a long position. <\/p>\n
I gave MGM a go on the short side this AM but got shaken out. I never got back in. MGM below 29.50 is very bearish.<\/p>\n
Overall we had some opportunities to make money today. There were some stocks that failed to follow thru after starting to trend. And I got caught on the wrong side a few times being overly aggressive in these stocks. But LDK was a great trading stock so the day ended well for me. <\/p>\n
I will look for some fresh news on the Open tomorrow, but otherwise we have some nice levels to trade off of in LDK and ELN.<\/p>\n
Enjoy your evening. <\/p>\n","protected":false},"excerpt":{"rendered":"