Only longs showed up on our scans this evening. This can mean one of two things, a violent rally, or violent decline. Not very helpful right? Wrong. When we see the same pattern show up across all markets look to the media. If the media is talking about that same setup, it’s likely the opposite will happen.
If the markets are showing a clear sign or pattern setting up, it’s okay to go in big. Just make sure to define your risk at the onset of the trade. As you place the trade imagine the money is gone, that you have just been stopped out. This way, any other outcome will be looked at as favorable.
Stocks to Watch on 1/6:
Longs: AGNC, AJG, AWK, DLR, EAT, GPI, HMSY, LTC, V, WYN
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