Channel Guy Trader: Morning Market Analysis for 04/06/2011

Morning Traders, doing my morning research before I get ready for work. Posted below is a chart with are channel system outlined with my zoom it tool to highlight important channels. This morning we are waking up with a breakout and volume coming in. If you compare this with the other chart I posted earlier before the breakout and yesterdays session , you will see what we have going on clearer. Futures up strong and as long as we hold above 1335 we could hit the double top highs today based off levels. Strong stocks with nice setups should be played on this day. If you trading options, buy strong stocks on pullbacks. I noted the charts that I liked in the previous post so check it out. Later and GL.




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