I didn’t get a chance to post this trade as a stand alone article (though I did on the trading ticket for everyone) earlier today, so I wanted to take some time this evening to do exactly that. I believe that this trade is good to take all the way up to $520. After that,
Finally made two late afternoon trades, the first of which is in Expedia (EXPE) at $25.59, and the other in Frontier Communications (FTR) at $8.80. I also managed to get out of the S&P UltraLong 2x (SSO) at $53.60, after having averaged down five times outside of my original buy-in. At one point, at the
So far, it appears that commodities are trying to bounce today, and taking with them, the market in sympathy. We are definitely due for a sizable bounce in the short-term, and whether or not it is a dead-cat bounce or legitimate market recovery, it should provide for a nice profit opportunity. This morning I took
Futures are pointing down, at the moment, but a lot can change between now and the open. Either way, I’ve provided you below with 10 trading setups – 5 of which are to the long side and the other 5 are to the short side. Let’s make it a great week! LONG: Ecolab (ECL) LONG:
I finally pulled the trigger on two trades this afternoon. The first being in Check Point Software Technologies (CHKP) at $54.19 and the second one being in Constellation Brands (STZ), which was also listed as my daily long setup this morning. I’ll likely be dumping off a few other non-performing positions by the end of
Here are the mark ups on the trades I took this afternoon. Both stocks are valid trades to take tomorrow morning, assuming we continue the bullishness from the past two days. LONG: Hewlett-Packard (HPQ)
Some activity on my end this morning, buying Pepsico (PEP) at $69.92 (I was actually wanting to get in at $70, but used a limit order instead of a stop – ugh!), and then followed up that buy with another one in Amphenol Corp (APH). I’m still a pretty big fan of tech right now,
Here’s my other long position that I took today – UnitedHealth Group (UNH), where I took a long position at $50.21 (as I said talked about doing in my previous post). Here’s the chart on UNH.
Two new trades this morning with the possibility of another two should Hatteras Financial (HTS) trigger at $28.69 and United Healthcare (UNH) at $50.21. The two that I got in this morning are doing well so far, despite little movement out of the broader markets at this point. The first one is Jabil Circuit (JBL)
So far the market is rebounding well today, and will look to lighten up some of my positions as well, particularly in SSO where I have a huge chunk of my capital in (40%). I’ll probably sell 3/4 of that position today and take the nice profits in hand. Also, the Silver (SLV) play that