Action Points

It was a very slow week as far as taking on new positions is concerned. Unfortunately, this commonly occurs given my trading style. I've learned (the hard way) that it's absolutely imperative to follow the charts and to not chase or force trades. I became profitable once I realized this simple truth. I feel I'm well positioned heading into next week as evidenced by the setups I'll be watching. Hopefully, there will be more setups that reach the actionable levels I have marked below. I'll try to make a new post sometime during the week if time permits. If you have an interest, sign up for the "Email Service" powered by FeedBurner. It's free, and I think the format is better than the blog.

Breakout Setups (Click on Symbol for Annotated Chart) CLXS Collexis Holdings RURL Rural/Metro CSCX Cardiac Science SOAP Soapstone Networks TRGL Toreador Resources IPGP IPG Photonics ITP Intertape Polymer ODSY Odyssey Healthcare ACAD Acadia Pharma OPNT Opnet Technologies OTIV On Track Innovations PMTI Palomar Medical Tech RRR RSC Holdings DLIA Delia's CHS Chicos FAS LEE Lee Enterprises BSX Boston Scientific HCKT Hackett Group USPH U.S. Physical Therapy VVUS Vivus FOLD Amicus Therapeutics CMRG Casual Male Retail CTCT Constant Contact LRN K12 MNC Monaco Coach GHS GateHouse Media CML Compellent Technologies AWBC American West Bancorp ADVNB Advanta CRA Celera FIRE Sourcefire AXL American Axle BWS Brown Shoe GLOW GlowPoint ETF Setups (Click on Symbol for Annotated Chart) GLD streetTRACKS Gold Trust IAU iShares COMEX Gold Trust QLD Ultra QQQ ProShares RTH Retail Holders SKF UltraShort Financials Short Setups (Click on Symbol for Annotated Chart) MYGN