My trade setup has these parameters. An entry at 21.11, stop-loss at 20.50 and targets below 24 (23.50 – 23.80).
AEP, AKR, ALL, APH, ASH, ATVI, BAP, BDN, BEAV, BHI, CB, CCI, CCOI, CINF, CMS, CNP, COST, CPT, CUBE, DFT, DEO, DRH, EFX, EIX, EQR, EQT, ESS, EWL, EWU, FINL, FL, GAS, GLW, GMT, GTIV, HAL, HOLX, HOT, HTA, HRL, IFF, IQNT, ITW, KRC, KO, LNT, LMT, MDLZ, MAA, MAC, MCHP, MNST, MMM, MSM, MSI, MRK, MTOR, MTB, NS, NOC, OI, ORLY, PAG, PH, PG, PNC, PSX, PSA, PVH, QCOR, RDS-A, RAI, RPT, SBRA, SCG, SEE, SPR, SRE, STO, STWD, SYA, TMK, TSU, UDR, VFC, VNR, UTX, VLO, WRB, WTR, ACM
APO, ATLS, AWAY, AWI, BLMN, CRI, DCI, EWBC, FLDM, GNTX, INFA, IPGP, KMR, KMX, LMCA, LULU, L, NWL, PAYX, PHG, PMT, PII, RHT, SXC, SGEN, SLRC, ROST, RJF, ULTA, TRMK, TJX, UNFI, URBN, WAFD, WSH, WWW, JEC, TFM, RDY
IYW, CGW, FAN, ICF, IDU, IHF, IYE, IYJ, IYK, IYM, IYR, IYT, MOO, PBJ, PIO, PPH, SEA, SPY, BNO, EWH, EWM, EWT, EWY, PIN, SCIF, SCJ, EWG, IEF, MBB, MUB, TLH, TLT
KBE, KRE, DBC, DBP, GLD, CHIQ, BRF
The Nasdaq and the S&P500 are extended after two weeks of rise. Volume is low and VIX is heading lower. A correction (like a price pullback) is possible.
BMRN is very weak stock. It did a pullback and actual price position could be a good place for a low risk short sell trade entry.
I have set an entry to 56.49, placed a stop loss at 58.15. There are two target levels: below 50 and second near 42-43 area.
EEM – emerging markets ETF – is positive and still signals possible bullish moves for strongest emerging market etfs like EWT I mentioned several days ago.
Commodities hold a neutral stance.
This is a list of strongest and weakest US sectors.
It is very interesting that several bond ETFs and major stock market index ETF are both in bullish category. It is not typical for bonds and stock to rise together.
I have heard that when such situation occurs, then the bond traders are right.
This is a list of bearish and weak stocks. These should be avoided on the buy side but could offer opportunity for bearish sell short trades .
ABB, ABMD, AFL, ANSS, AOL, ARG, BBBY, BLMN, CBSH, CMLP, CPA, DRQ, EBAY, EC, ENH, FOSL, GME, INFY, LNCO, LULU, MR, MUR, PFE, SXC, TRAK, ULTA, WAT, BMRN, ACXM, AIRM, APO, ATK, BMRN, FLDM, FOSL, FSLR, HGR, IMAX, JEC, SBH, SPLK, UBNT, ULTA, URBN, VECO, WDR, WEC
IYW, FAN, ICF, IHF, IYE, IYM, IYR, IYT, PPH, SEA, SRV, BNO, DBO, USO, EEM, EZA, EWM, EWH, EWT, PIN, EWD, IEF, MBB
GDX, GDXJ, KBE, KRE, RTH, SIL, XRT, DBP, GLD, SLV, UNG, CHIQ, EWO, FXA
VIX, the index tracking market volatility, has broken below 12 to levels not seen in past four years. It is a warning sign for me that the current situation on the market is not normal.
Both major U.S. market indexes go up , but trading volume during all past week was extremely low. I am very cautious. I need to see some strong, above average volume level during bullish days to believe that a new bullish trend starts.
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