Market isn’t looking too hot today, and it continues its ‘chop-fest’ of trying to bring the most pain to greatest amount of people on both sides of the trade. I’ve managed to hold my own today with a day-trade in JDS Uniphase (JDSU) that yielded a quick 3.5%, and an upgrade in LSCC. My other three positions that I held over night – TICC, PGH and CPWR are essentially treading water.
But I did add a new position this morning in EMC Corp (EMC) – a computer Hardware company breaking out to new highs. I love the consolidation it has seen of late, and am only risking about $1/share to see whether I will be profitable on the trade or not.
Here Is My EMC Chart Analysis.
