Our list of daytrades posted in last nights blog...DRYS, CMI, EWZ and CSX all offered excellent profit opportunities on the back of a nice rally in the market on Monday. DRYS rallied from the open, and trended higher all day. The other three stocks had brief sell-offs early in the morning, but rebounded with the market and trended upward for the rest of the day.
The stock market benefited from lower crude oil prices and a firming dollar. However, the trend in crude oil continues to point upward. Still, the stock market looks to be in pretty good shape, and techs are beginning to show some leadership. These stocks will need to take over leadership if the issues related to the continued rise in energy prices and agricultural issues falter.
Some nice daytrading opportunities for Tuesday appear to be MA and AKS.
Scott Cole
www.kungfutrader.com
www.bestdaytradingstocks.com
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