So the $DOW had a nasty sell-off at the end of the day, but still remains in an uptrend. Meanwhile, the S&P, which also sold off, is starting to flatten out a bit. Overall, I’m cautiously bullish. If the trend of the last few trading sessions plays out, we can expect a white candle tomorrow.
Real Account Update:
Reviewing yesterday’s trades, $DD was up slightly. I was able to get into the trade around the lows of the day. I bought the stock outright, rather than buying calls. $DD held the ascending trend line and still looks healthy.
$EXPE sold off with the rest of the market. I was hesitant to get into the trade, due to the volatile open. $EXPE sits on solid resistance, so this is an even better bullish entry with less risk and more reward. I’m not sure I will take the trade, but I’m very interested to see how the stock moves tomorrow.
What I’m looking at:
PFizer just closed at its all-time high today. You can see that MACD is about to turn positive and volume was strong on today’s breakout. The long wick is a little concerning, but this entry provides low risk/high reward. First target is $36.03.
On My Radar:
$COH, $MA, $SBUX, $TIF, $WFC, $AAPL
Just a quick note on $AAPL; although it gapped up slightly, the candle was still one of indecision. I’m still looking for the $129.50 entry.
That’s all for tonight. Happy trading!