Tuesday, October 4, 2011

Cow-A-Bunga: JRCC Breakout, Sort Of


My chart turned out to be semi-right and JRCC is now bursting with upwards momentum as it closes above the 25 period SMA on the 10-day 15-minute interval chart with charged-up batteries and a MACD that seems to be heading back up.

If we should see MACD cross over to the other side, this could be the winner I was looking for! We've got another few minutes to see what the current barchart's going to do.

I'm still going to follow up on my idea to trade a VIX-correlated stock. The only drawback so far is that these stocks often have little volume going for them if they fall within the $3-5 price range.


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