Friday’s market sell-off was the shot heard around the world.
It took me out of my three long positions, but all three for gains at least. However, rally attempts off the lows on Friday and then again today, has…so far… all stalled out, and I have yet to add a new long position in the last two trading sessions, because I have little faith in these rallies being able to sustain themselves.
Nonetheless, we have seen crazier things happen in this market, and sometimes the market can bottom when you least expect it, and if this market does wan to mark some lows here, you will want to be ready to pounce, and I’ve put together my bullish watch-list, as it currently stands (yes, I add and subtract to it throughout the week), and should the market give me a reason to start buying again, it will be coming from this list. For now, I patiently wait for the dead-cat bounce to short.
Here’s my bullish swing-trading-watch-list: