Monday, July 19, 2010

Outside the bands

Retests outside the bands today:

Long:
AGU

Short:
None

Shorts retesting inside the bands:
LOPE, HPT, IR, ADBE, JCP, BPI

Of these I bolded BPI...the others are really shetty barely retests actually have been skating above the %R threshold for a few days without violating...BPI is a clean inside the band retest...

Some analyst said the educators wont get hit so hard thanks to regulations yet to come out of Washington...Personally, I have a feeling that any stock currently being held down because of pending legislation or the effects thereof from Washington should start to rally as the election nears...it's all but a foregone conclusion that the house will switch hands...(Senate not so much)....so Washington will do what Wall St. loves best...Nothing or alternatively...cater to the lobbyists needs and call it Bi-partisanship.

AGU is probably worth entering.

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