Stocks are set to open slightly lower, which I feel is Friday’s panic selling carrying over. In my opinion, this is a bullish sign.
So with that in mind, the market still looks primed and ready to rally higher.
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This is a discussion on Stocks, ETFs, Options, Commodities & Currencies within the Analytics and News forums, part of the Trading Forum category; Stocks are set to open slightly lower, which I feel is Friday’s panic selling carrying over. In my opinion, this ...
Stocks are set to open slightly lower, which I feel is Friday’s panic selling carrying over. In my opinion, this is a bullish sign.
So with that in mind, the market still looks primed and ready to rally higher.
more...
Stocks are trading slightly positive today, and we are sitting pretty with most of our positions in ACS and BAN now closed and or deep in profits. We just sit back, let the market shake things up and reset over the next couple of weeks, and give us a new trade.
I do touch on a possible gold trade we could do as a side/bonus discretionary play.
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I have my eye on a few potential discretionary trades like ERY, GLD, and IBIT, but I’m not sure if I will pull the trigger on any yet. I will be keeping members posted and sending out an update/alert if I do.
Recently, we closed out these trades and are now back safely in cash:
SPY 11.39% Profit (ACS Strategy)
SSO 23.15% Profit (BAN Strategy)
QLD 32.43% Profit (BAN Strategy)
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Stocks are set to open lower this morning as the fear has carried over from yesterday. As we know, gaps generally get filled, so this gap down is likely to be bought up by the end of the day or within a few days.
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Stocks are set to open higher today, and it seems pretty much everything is setting up for a move higher (stocks, bonds, dollar, gold, silver, miners).
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