Tuesday, August 6, 2013

Tuesday evening


Tuesday afternoon

Lie detecting skivvies

They say you should not short a dull market.  Looks like it would have been a good move at the open but maybe when Europe closes we'll see something perk up.

Tuesday morning

FIO Daily Chart
FIO is right at resistance peering into an attractive gap.  It closed with a a tall green candle on the 1, 2, 3 and 5 minute charts.  The fast stochastic crossed up through the slow.  More volume would be welcome but at least it was average.  I'm long Aug16 calls and nearly added twice on Monday but this stock has burned me before so I'm trying to be conservative in my trade.  I am nicely green and will add if it begins moving into the gap.