Monday, March 11, 2013

Monday after the bell

I know. You'd rather see Wednesday's chart.
Something different today .... it is Monday and the market closed higher.  Could it be that the rest of the week it will close lower?  Time will tell.

Monday - JDSU Update

JDSU Daily Chart (11:30AM)
Here's a quick update to the trade I defined back on 3/6 as it bounced.

After the big gap up the stock is consolidating and will probably trade inside the box for now.  Keep it on your radar and I would recommend buying either a bounce from the bottom or a breakout through the top.  Telcos are spending capital budgets again.  No current position.

Monday morning .. hopefully