Friday, September 3, 2010

A quick update

Since its Friday evening (and a long weekend to boot!) and I have got places to go and things to do, I decided to just do a quick position update. Out of NR at 9.09 for 3.3% gain and got into EGO at 18.84. The rationale behind the latter was a bounce off MA(20). It has got resistance at 19.50, so I don't see myself holding this for too long.

I will be back this weekend with posts on sector analysis, watchlist for next week, thoughts on the action next week and checking if the markets are overbought.

Enjoy the long weekend!


Anonymous said...

Have a great weekend. Thank you very much for your super helpful blogging work to others.

positiontrader said...

Thanks Anon! You certainly made my day :)

Doctor Stock said...

Enjoy the weekend!