Transitions and 333 Daytrading.
How are we adjusting to the transitions and chop and uncertainty? Shorten the time frame. Thus begins the daytrading into Summer 2019.
How are we adjusting to the transitions and chop and uncertainty? Shorten the time frame. Thus begins the daytrading into Summer 2019.
I’m noticing a trio of setups in the consumer staples sector, with my favorites being Costco, McCormick & Company, and Proctor and Gamble. Let’s check out the trade parameters here.
Today, the current pullback got more serious as the indexes have shown us several key sell signals. I’m not ready to come in and buy, but when I am, here is the list of stocks I’m stalking — AMZN, MSFT, COST, XLP, PEP, PG, SBUX, LYV, and more.
When the advantage of having daily trends fade into chop, especially going into summer, there are some simple and time-tested adjustments I make.
This is a common time of year for me to transition to more nimble trades. The transition in the broader averages as well as the unpredictability of the trade war narrative make the timing perfect. Here’s how I am going to do it…
Into next week I’ve got two primary ways of thinking. One fits my bullish stocks with an outlook into June. The other is less directional with a focus on monthly expiration.