Pick 3
Tonight’s free video is simple and straightforward. Indexes are a bit extended, but I’m looking for these 3 equity picks to do well, regardless of what the market does.
Tonight’s free video is simple and straightforward. Indexes are a bit extended, but I’m looking for these 3 equity picks to do well, regardless of what the market does.
The last round of hedges I had on didn’t work, but you don’t want to abandon the strategy entirely. We kick off tonight’s video with some different thoughts on the setup and the names that I’ll be buying more of, should we see that pullback come through.
While gold sits at the same level it’s bounced from twice before, the US dollar is testing resistance and setting up a aggressive US dollar short and Euro buy.
With CSX breaking out, we’ve got to honor the strength in transports and the Dow. A few of these names made new highs today, and we’ve got another group that I think is next.
The Dow showed some excellent strength on Monday and I think we’re headed higher, but we do have some ranges we need to keep in mind. Outside of that, there are still several excellent names we can be buying if indexes need to catch their breath.
We all want to be confident in the direction that we are choosing to trade. Often that means seeing what’s just below the surface. In this case, using one simple tool to understand the bias of the intraday S&P.
The search for the next great winner often comes at the sacrifice of managing open trades. Here’s where we are with the current book.