- Watch 875 on the S&P
Shorts:
- [[HOT]]
- [[FL]]
- [[CALM]]
- [[CKR]]
- [[JCI]]
- [[HXL]]
- [[BKE]]
Longs:
- [[TC]]
- [[THQI]]
- [[CTIC]]
Shorts:
Longs:
Monday:
Tuesday:
Wednesday:
Thursday:
Action can be found in Biotech, here’s a few that look interesting. (note: you may lose your limbs buying biotech names.)
[[CTIC]] [[CELG]] [[GENZ]] [[LIFE]] [[ZGEN]] [[CYCC]] Comments »After taking a beating yesterday, I decided to stop the bleeding and flat out move to cash. The run I have been on this last month has been absolutely insane, so I figure it’s time to clear my position sheet as well as my head, and get ready for the next move
The number of setups in my watchlist has been reduced tremendously, and most of the patterns from the top 10 video are non existent.
900 looks like it will become a brick wall, with 875 being a temporary floor. Until we break this range I will likely let the market chop around while I hold onto cash. The best thing you can do as a trader is let the setup come to you, and right now we need a few days for some pattens to develop.
Can the NASDAQ regain the 20 day? Keep an eye on it.
Comments »Earnings out today:
Links:
I’ve been in the battlefield all morning selling positions, and adjusting my portfolio accordingly. There are a buch of significant breakdowns in the market, one important one was from our previous leader, the NASDAQ.
I’ve built up my cash position, but not quite ready to short yet. I’m thinking our next target is 875:
Comments »