Only two new trades for me today, combined with my trade in USO, which has held up decently well, even though I am a bit under water on the position (in at $36.74).
The first trade was AEIS at $13.25 with a stop at $12.76. I can’t take credit for this trade as @thetradingwife spotted it in the chat-room (which if you have Twitter, she is definitely one of the rare ones worth following). I think it sets up well for tomorrow, particularly if we can get a market bounce.
LONG: Advanced Energy (AEIS)
LONG: Apple (AAPL)
My second trade in AAPL provides a great setup, and a story that I’m sure everyone is familar with by now. I liked the higher low that it had put in of late, and should the market bounce, this stock is going to lead the way. My stop is placed at $554.09.
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