Monday, January 26, 2009

Raise em Up

Raising my stop in GERN to $7.00. Looking for EQ to break above resistance at 38. TTI has resistance in the 5.15 to 5.25 area that its having trouble working through so far. PNRA is creeping nearer and nearer to my stop. Just watching to see if my stop gets triggered. Other than that, the week is off. And the only thing i can really say is thatyou gotta love earnings. Reason i say that is a stock like FCX which I thought had some pretty poor earnings is off to a big start early. This is why i trade based on technical signals only. I just dont know enough about fundamentals to truly and accurately gage a stock's strength. I trade by the old cliche that the experts have already priced the earnings into the price. So i just sit back and try to figure out where the money is going and i follow.

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