Every single stock that popped up on my sell list yesterday went up in price today. Some with good trading volume, but none of them worth saying "close the position." Question is - is there bargain hunting going on in the market or are we truly in a "correction." I am trading based upon indicators only so my trades still say sell. If you want the market to go down, but still BUY a stock try these two: SDS and QID. What these ETFs do is go UP if the market goes DOWN. Sounds really weird doesn't it.
Here is what my stock search brought up today:
BUY: PRFT
SELL: RVSN, TALX
It would be really hard to sell TALX seeing how there was a huge trading volume to the upside 3 weeks ago. Seeing how RVSN also broke out of a cup-and-handle, it too would be hard to put this one in a sell category. (See how trying to logically explain why I wouldn't sell a stock can leave a trader with a "deer-in-the-headlights syndrome" if I refused to follow my signals. We will just have to see how these are going to turn out.
I was looking at LIFC and was seeing that this one would be a good CONDOR play. I may enter into this one to expire in April.
I'm still in the attitude of a down market based upon my indicators, but I have been proven wrong before.
BTW, I played a bear call spread on CHAP today. So far I'm down on that trade.
Good luck trading.
JD
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment