DTT Buzz

One of the things I like best about stock trading is that each day is different. We are always challenged to find effective ways to profit in very different market conditions. Yesterday was certainly no exception!

If you'll remember, yesterday we saw another HUGE selloff throughout the morning and into the early afternoon. Selling short was the only way you could really get profits from the market, so that's what we concentrated on. But something happened later in the day--sellers ran out of supply, and buyers started to move back in. We saw the indexes gaining traction for the first time in quite a while, and decided to switch our day trading focus to relatively strong stocks that were likely to move higher if the market continued the reversal.

We found one in YHOO:

When we were looking for stocks ready to move higher, YHOO stuck out like a sore thumb. One of the most effective technical analysis patterns that you will see when looking for stocks that are ready to move higher is the rounded bottom pattern. It indicates a true, slow shift from sellers having control over the stock to buyers taking control--and is often followed up by an accelerating uptrend!

This is exactly what happened with YHOO yesterday, and our members were able to profit from our flexibility (switching from bearish to bullish mid-day) and ability to spot bullish patterns in bearish markets.

You should join us as we trade each day. Whether you are into stock trading or options trading, our all-inclusive membership has systems that are right for you! Check out a trial membership---you'll be glad you did!

Happy Trading,






Andy Swan
Co-Founder, DaytradeTeam

p.s. Don't forget to sign up for a trial membership right now! Click Here to get started...