Alright, another buy the dip off the morning lows kind of day.
If you are short in this market, it has to be getting old and a bit predictable. Now, I haven’t added any new trades in two days, which is a rarity for me to be honest. But, I wanted my current group of stocks to increase in profits some more, before adding additional risk, and they all are doing that today. So tomorrow, should the never ending trend (or so it feels) continue, I’ll be looking to add to my current crop of stocks.
But remember, if you are not consistently raising stops in this environment and taking profits along the way, you are doing yourself a huge disservice and setting your self to lose the profits you have worked so hard to gain over the last month and a half. So be good and protect those profits!
Here’s the bullish swing-trading watch-list: