* NYSE market internals were bearish most of the day, $INDU was RANGE bound reaching HIGH ZONE with bearish sentiment, reaching LOW ZONE without penetrating below it.
* A very good day to trade with LSS Range Strategy and Strong/Weak stocks day trades
* Key point: To grasp market turns at 4.00pm and 5.30pm
SHORT Trades* $INDU nearly touched SELL number at 4.00pm and O/B
* SELL SHORT weak stocks such as SNDK, EXPE, WFMI (based on Relative Strength against $INDU Daily) or XRX, GS (based on its own cycle analysis).
LONG Trades
* $INDU couldn't go below BUY number and oversold at 5.30pm
Long: strong stocks such as BRCM, MRK, CELG, GENZ (relative strength vs$INDU)
They went up, at least to VWAP level/ MPD High area.
* $INDU couldn't go below BUY number and oversold at 5.30pm
Long: strong stocks such as BRCM, MRK, CELG, GENZ (relative strength vs$INDU)
They went up, at least to VWAP level/ MPD High area.
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