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Trade Plan For 7/17
Market Condition:Bullish, cautious on weakness below prior day lows in indexes.
Long Focus:
- CSC
Short Focus:
- CRM
…
Longs:
SPWR
AEM
PRU
CSC
XOM
INTU
GT
KORS
GLPI
X
WMT
MRVL
SFM
PTEN
WMGI
SWC
ATI
CAT
UNH
Shorts:
VMW
IACI
LNKD
CRM
ALXN
CVRR
AAPL…
Having deja vu all over again, the small caps or Russell 2000s travel to their own beat, breaking under the 50 DMA for an unconfirmed warning phase for the 4th time this year. Furthermore, that happened on better than average …
Existing Position: Long CSC at 62.98 ATR .86
***NOTE-Must exit on or before August 7th before earnings-no date confirmed
Name of Instrument: Computer Sciences
Current Price: 63.40
**Stop Loss: 62.19
Reason For Trade: Second try against the 50 DMA with …
Existing Position: Long CSC at 62.98 ATR .86
***NOTE-Must exit on or before August 7th before earnings-no date confirmed
Name of Instrument: Computer Sciences
Current Price: 63.40
**Stop Loss: 62.19
Reason For Trade: Second try against the 50 DMA with …
Longs:
SLCA
SBUX
TXT
WMT
MRVL
SFM
AXL
GT
MFC
UPS
JPM
SWC
STLD
TIF
Shorts:
VMW
LNKD
ALXN
COG
CRM
SNY…
Longs:
SLCA
SBUX
TXT
WMT
MRVL
SFM
AXL
GT
MFC
UPS
JPM
SWC
STLD
TIF
Shorts:
VMW
LNKD
ALXN
COG
CRM
SNY…
The big news on Tuesday (which wound up living up to its turnaround status and not in a good way): Janet Yellen and her market commentary specifics about how overvalued Biotechnology Technology and Social Media are.
I’m no savant of …
NOTE: Stop Changes: RAISE Sell Stop in CSC to 62.19
Raise Sell Stop in KRE to 38.97
++++++++++++++++++++++++++++++++++++++
New Position: Long CSC at 62.98 ATR .86
***NOTE-Must exit on or before August 7th before earnings-no date confirmed
Name of Instrument: …