InvestorsHub Logo
Followers 5
Posts 728
Boards Moderated 0
Alias Born 02/24/2010

Re: sespears post# 47256

Tuesday, 08/10/2010 12:49:41 PM

Tuesday, August 10, 2010 12:49:41 PM

Post# of 167518
It's up to you to swing trade or go long, or both. I'm leaning away from penny stocks and going more into swing trading options with liquid stocks. However, the market is mercurial now and I'm not sure if it's going up or down near term so I'm just waiting.

The best technical indicators is when there is divergence with price. For instance, you can see the MACD having a higher low while the price was lower than in June with the recent July 2 low in the $SPX. If you just wait for something telling like this and then buy 6 month options in a dependable growth stock or ETF, that would be over 100% gain.