Fun day
I thought the market was going to be as hot as the weather. But as the heat of the day kept going, the market turned cold. I thought alot of the patterns I was looking for broke on the big gap up this morning.
So, I’m still holding C which showed good strength today, and almost got stopped at of FO today. However, I did pick up two stocks in the sell off this afternoon.
Here’s the first one I bought, BBBY. it was on my watch list. Nice down channel heading into the EMA200. All the charts look good for a bounce, but time will tell. I bought inat 41.20. Target sell is around 44.00 for 6.2%. I have a dollar stop set on it.
And for the second one…..
CCL wa another on my watch list. It is bouncing off the EMA200 in a slight ascending triangle. The only problem with this one is the stochastic line. It hasn’t quite gotten to overbought yet, so it may go lower or chop around a bit before heading back north. Time will tell. I bought in at 34.82. I have a dollar stop for protection. Target sell is 37.40 for 8.2%.
Still watching SCVL, DBRN, KIRK, GNW, MT, and SWC. Watch the market, it will be iteresting to see what happens tomorrow.
Until next time, good luck and green trades!
-Orion