If only the bulls could hold the gap up
Imagine the possibilities – a gap and run, maybe even a move of more than 1% (Gasp! Did I just say that out loud?) Nonetheless, the bulls seem to hate every gap-up to start the day, and spend much of its mornings erasing any good vibes it came into the day with. Only to have a change of heart in the afternoon, where price attempts to recapture all of its morning gains.
Meanwhile, market breath is horrific. Today alone, the bears have a 17:12 advantage and the T2108 is down 3% (measures the percentage of stocks trading above their 40-day moving average).
But go ahead, try and short a stock – it likely won’t get you very far.
I’m still finding opportunities to add some solid trading opportunities to my portfolio, and the list below, has some solid ones to partake in. Comb through it and find the ones that best match your preferred trading strategy, and let ‘r’ rip!