daytrade diaries... january 21, page-8

Morning traders... Thanks HLL.

All makes perfectly good sense to me Askier.

Looking at the DOW. Not a great result, but at least it pared back some of the losses. Regardless of what the future might hold, maintaning a cash balance right now would be prudent. For me this means clearing some stocks that I feel are unlikely to perform in the immediate future and sitting in wait on some stocks that I feel will be easily spooked into selling down, trying to pick up the margins on the way back up. To be honest, I make more money using this strategy than I do normal trading or news reated stocks. AQR was an example on Monday.

Couple of stocks that have early news today are PRU and ALD, both with gold intercepts. We have quarterlys out today, so far from OZL and BMN. All worth a look IMO.

Back later with some stocksto watch. Bit early right now.

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