The never-say-die bulls are at it again, printing marginal new all-time highs on the S&P 500 Index as stubborn bears are squeezed.
I am still very heavy cash, but open to another round of setups triggering if bulls are going to blow this thing completely open to the upside.
Skullcandy is stil on the radar as a long idea, as it sets up with a $9.50 initial trigger.
Ford is bouncing hard again off $15 support, while beaten-down medical/biotech names like ISRG PCYC receive a strong bid.
What are you trading this morning?
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Thanks for the ideas! I’m also pretty heavy cash.
At least I have been trading TSM a little more successfully than I anticipated. So that continues to be a good surprise.
Also playing along in OVTI and BBBY. I previously sold some ESV and now looking for a higher low to get back in (but not rushing it!)
Thanks again!
Thank you, J. Great work by you.