September 02, 2014

Today's thoughts and moves, $BAX $NIB $VIPS $GWPH

At mid-day it looked like the stops for Baxter ($BAX) and Cocoa ($NIB) were going to breach their stops, but both recovered.

I watched the buzz going on with the weakness in $GWPH and possible reversal in $VIPS.    I like $GWPH, but it failed to impress me today.  It's inability to mount an offense and climb above a moving average it had previously closed above disqualified it for me.   $VIPS, while strong is likely going to consolidate further, but I have some confidence I'll enter it in the future.

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