CAMP wavering

Wasn't too impressed with today's action. Volume was light and support held at the 20-day MA (and the channel line). But it broke the near term trend of rising lows going back 13 trading days. Further loses will see this tossed from the account. I did take a position in my ROTH IRA at the same time it was added to my Marketocracy account and I sold Oct $7.50 covered calls thinking we could see a dip to close the July breakout gap from $7.50. I will buy back these calls if the subsequent action looks bullish. Covered calls filled at $1.05.

Other Marketocracy action remained firm. NOVA digested Friday's big gains. GTI bounced off support while ERES flittered downwards in light volume trading.

Popular posts from this blog

Nasdaq primed for breakout

S&P "Bull Trap"?

"Black Candlesticks" are a concern for the S&P and Nasdaq


Show more