Today, the indexes traded higher, but what does that mean in the long run? I see it as a choice between three main ideas. A. Trade the short squeeze higher on an intraday basis on names with relative strength. B. Trade stocks that were strong, in spite of the correction, or C. Wait until the rally fades and look for short stocks that are in a downtrend. Let’s look at ideas for each.
I already have a long position in PFE, but I think it’s a good time to add a couple others in XLV and MRK. Let’s talk about why, as well as the trade parameters.
Let’s look at the data, and the best trading ideas, for the recession that is coming our way.
The window for a potential move on G20 is opening and that could also be the trigger for a year-end rally. Here’s what I am watching for…
Patience is going to pay here going into the latter part of this month … G20 is in the mix.
With a high $PCALL ratio, that means a lot of traders out there are short. What happens when the market gets lopsided? There is a potential for a ferocious rally. Let’s look for signs.
