Nice month coming to an end
July 30th, 2010
6 comments
We did not have much to trade during most of the month. Towards the end, we had a great run in TSTC(almmost 40%) and some nice setups in VMW, BIDU,MELI, IGTE, IDSA, RBCN, WYNN, LVS and TRW.
Couple of days back we said that the market looks little extended and we will wait for a pullback to open positions in the above mentioned stocks. In the last two days, we got that pullback and we opened/added positions in VMW,BIDU, TRW, RBCN and MELI today.
We are waiting for WYNN , LVS and IDSA to break out.
Overall, the market acted very well today and it might be setting itself for a breakout above the 200 day.