“Buy right, sit tight.”
That’s a quote from Jesse Livermore, and that’s where we are right now as the market has perhaps found its Pitbull Low and prepares for J Powell next week.
That’s a quote from Jesse Livermore, and that’s where we are right now as the market has perhaps found its Pitbull Low and prepares for J Powell next week.
On down, or flat days like today, I like to go honey badger hunting. The honey badger is the stock that doesn’t care what the overall market is doing. I have liked CYBR for quite some time, but it currently has a beautiful Five Star pattern, along with a daily squeeze — and run into earnings. Here are my setup parameters.
As the short squeeze ran out of momentum, I began focusing on the canaries in the coal mine — or rather, the tickers that were dying off first. That includes XLI, XLF, BA, SPX, and IBB. I’ll also discuss our key sectors and what to watch for, when it’s time to buy.
The monthly tendency known as the Pitbull Low is upon us. Here is what it is and how I am trading it.
Here is where I am looking for our next wave of entries and also how to manage open winners in MSFT, MCD, as well as the longs in NASDAQ and S&P.
I like this setup, and this is how I want to play it to maximize the opportunity.