Day Trading Forex, Index Futures, Commodity Futures & Equities
Sunday, November 8, 2009
Broadcom Looks Ready to Test 200-Day SMA
BRCM pulled back from it's downtrend giving us a possible sell short opportunity if we can trade below 26.65 on Monday. My target will then be the 200-day sma at 24.77 with some nice momentum moves to the downside intra-day on a 15min chart.
I have been day trading my own account since 2002. Previous to that I have worked for many Wall Street firms providing investment advice and investment banking for small start up companies. I am currently working with a private equity firm providing small business owners with alternative funding to grow their business.
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