Patience is a virtue...

The first Rule I have when trading is "patience." It is imperative that you don't chase any plays, rather find some really good trending stocks, then lie and wait for the right time to pull the trigger. I have a stock today that may be worth lying in wait for: PCAR

Fundamentally, the stock is solid. It is trending up through a channel and it could find support right here and bounce, OR, continue down the channel to the bottom diagonal support and bounce there. We'll just have to wait and see what happens...but you may want to put this on your watch list.

I had a nice earnings EXPlosion on EXP...the stock gapped open on a better than expected earnings report and guidance, then fell with the market the rest of the day. you'll notice it came to rest right on the support line.

Remember to click on each image to enlarge it (you may have to click TWICE to get the clearest image...I don't know why but I noticed that on Firefox), then hit your "back" button to return to the blog. By the way, notice a difference in these charts from my previous ones? Well, these are the NEW charts available on INVESTools...I have access to the Beta version, but the new official toolbox should be launched very soon!

The rest of my plays I mentioned in previous posts took some hits today with the market, but mostly on light volume meaning it was a market hit, not necessarily a stock hit.

Tomorrow CROX posts earnings...stay tuned!

Happy Trading!