|
From Investing-News.Com Market News On Tuesday, we will be watching the Home Builders (HGX.X) as a group and Beazer Homes (BZH) in particular for an extension move lower. BZH left a Fast Ball breakdown through the 50-period sma, and traded into the close under solid overhead resistance. In Aerospace/Defense (DFX.X), Rockwell Collins had a Fast Ball expansion at new highs. We will watch the stock for follow-through or sinker action in Tuesday’s trading. In Energy (DXE.X) DTE Energy Co consolidated Friday’s Fast Ball breakdown in a Backdoor Slider at the 50-period simple moving average. We will look for a move below the average on Tuesday to initiate a short position. Beazer Homes Rockwell Collins DTE Energy Co P.S. Join me and a dozen professional traders in the TraderInsight.com War Room. Click here for your free two-week membership. Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is co-founder of TraderInsight.com. Email him at adrian@traderinsight.com. This Market Commentary provided by: Tiger Shark Trading is a destination web site for savvy traders and provides daily commentary from some of the world's top professional traders. Check it out. It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading. © 2004 Investing Systems Inc., All Rights Reserved. |
