$NYMO McClellan Oscillator is a technical analysis indicator which uses NYSE market breath to judge the strength of a market move in the near term. Based on the chart as of Mar 19, 2010 we are entering the negative territory which is very likely that the market might begin to pull back or trade side ways for a bit from here. Therefore I would not be trading much this week since I am expecting a correction in the market.
However, here are few setups that might have potentials this week.
LONG: YAVY RAD DRL
YAVY
RAD
DRL
Always remember that cash is also a position, so please do not force yourself to trade when you do not see the BEST setups. Happy Trading.
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