Each week at ChartSmarter we like to bring to a little insight into what we do on a daily basis. We have been at it for more than 4 years and we love doing it. Each night we detail 8 to 10 of our favorite ideas, both long and short, for the next days session. We do NOT have a chat room, nor are we active “tweeters”. We like our business growing by word of mouth. Here are a few examples of ideas we recently examined in our Daily Game Plans, exactly how they were written. For those who would like to see a full copy of our Monday Game Plan, email me at firstname.lastname@example.org.
In Thursdays Game Plan we looked at recent lodging IPO LQ. LQ recorded a very bullish outside week gaining 3.3% after announcing a public offering, a very common theme recently. Most impressive was the action Tuesday with a precise bounce off the 50 day SMA just what one would like to see from a leader. It did keep the bulk of its gains Friday and notice how well LQ has defended the round 20 handle since taking it out on 10/27.