TradeMaster Daily Stock Alerts Blog

Perfect World (Nasdaq:PWRD) is having a pretty good day. The stock is up roughly 10% since yesterday’s open, with about half those gains coming today.

I knew I liked that stock. Thanks for that one TRIGR.

Unfortunately, the rest of TRIGRs stocks aren’t faring so well today.

Oil stocks are down across the board on the double whammy of rising inventories and a more inflation conscious Fed. TRIGR has been pulling up stocks from the oil sector with regularity.

TRIGRs shorts have been mostly homebuilders and financials. Both sectors are rallying a bit today.

But I have to reiterate that TRIGR, in its present form, is not a daytrading system. I’m trying to get used to treated TRIGR as a kind of Watch List, and then let market conditions dictate which stocks I trade.

Perfect World is a good example. I first posted about it on June 20. It closed that day at $24.76. The stock is pushing $27 today. It’s up 9% since Friday, June 20, and up nearly 6% today.

Again, we’re still trying to figure out how TRIGR works. And I want to thank everyone for their comments. Even if your just giving us a hard time for the misses, Al, it all helps.

Ian

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