DAYTRADING YAHOO!

[PowerPole]

So, what's YHOO-RBAK-CPTCQ going to do today?...

The futures are down right now...The Dow down -13.00 and the Nasdaq is down -2.00 but YHOO is up just a little bit in the pre-market session...I don't take the futures too seriously when they are down just a little bit, as any big company that reports earnings before the bell can change things dramatically...

I will be shorting YHOO if it falls below 33.75 any time today, and I will go long if it breaks above 34.00 and add to it if it takes out yesterday's intraday high of 34.20

The technical indicators on this chart at yesterday's close were neutral, so it pretty much depends on what the Nasdaq does today...Will YHOO outperform the Nasdaq again today?...That's hard to say, and only time will tell...


I'm also watching CPTCQ to push up through 2.84 early to buy it, also remember their partner General Cable (BGC) has their Conference Call at 10am this morning, are will certainly be saying Good things about CPTCQ, so listen to it, and watch for some kind of reaction on the chart soon after 10am...Here's a link to BGC's CC--http://biz.yahoo.com/cc/1/59051.html

And RBAK is: well...I can't say enough good things about this one!...It has a very bullish chart in every time frame, and this one just keeps continuing to AMAZE!...

P.S. As I finish typing this the Dow futures have slipped another five points, and the Nasdaq has slipped one point, and now YHOO is below yesterdays close by just a tiny bit...

Have a Great! Day fellow traders...and...

Good Luck To ALL ;^)