The market can always go higher. The market can always go lower. There’s no such thing as overbought or oversold. These are key things to keep in mind when looking at the broader market, especially when we’ve trended up for what seems like a long time. Below are the stocks we will be watching for tomorrow. If the market sells off, we’ll look to the bullish names that don’t sell off as much and are thus, showing relative strength. Stocks…
This past weekend along with a couple epic bike rides and feasting during the Superbowl I read the book How I Made $2,000,000 in the Stock Market. It was a fantastic read. I bought it on amazon for $4.00 including shipping here. While I must admit a lot of the concepts I had already had ingrained in my mind, to the new trader or anyone currently on their own trading journey I would highly recommend checking out this book.
A small, but noteworthy wedge has developed on the broader indices’s. I zoomed into a 60-min chart of the SPY to help identify it clearly. Given that the daily trend for the past 2 months has been up we will anticipate a breakout to the upside, but take a more delta neutral approach to weigh in for a potential sharp sell off. Stocks to Watch on 2/1: Longs: FEIC, HMSY, INTU, KFT, ROST, TJX Shorts: BBG, CVD Grab the RSS…
A light watch list going into the weekend. Remember Friday is NOT the day to be a hero (in the markets). Stocks to Watch on 1/27: Longs: NWSA Shorts: NIHD Grab the RSS Feed to have the daily watch list delivered via email.
FOMC Announcement keeping rates unchanged for the infamous “extended period of time.” A nice rally in the stocks from yesterday’s watch list. Here’s a couple more to watch for tomorrow. Stocks to Watch on 1/26: Longs: ABV, BIP, CB, PRX, PSA Shorts: none Grab the RSS Feed to have the daily watch list delivered via email.
“A winner never quits, and a quitter never wins.” We trade to make money, that’s the bottom line. Keep your position sizes small enough that you can sleep at night without worry. Stocks to Watch on 1/25: Longs: AWI, CAG, CBST, CGNX, DCI, FEIC, MDVN, YUM Shorts: none When trading options in a sideways market or over a consolidation period, it can be effective to keep your net delta as close to neutral as possible. Grab the RSS Feed to…
Today’s selling could spark some good intraday trading ranges, but we’ll confirm the ensuing sell off on a break of today’s low. Sometimes when we become so ‘extended’ and the talking heads are all saying ‘a sell off is overdue’ the opposite occurs and we see a big rally. As always, plan for both scenarios. Stocks to Watch on 1/24: Longs: CGNX, CNC, CP, HD, LOW Shorts: IART, SA Grab the RSS Feed to have the daily watch list delivered…