BUY OLN $17.11
BUY STX $13.55
BUY GRB $4.51
SHORT USD/CAD
Markets sold off sharply this morning before rallying and closing positive. As this market continues to be resilient, I would be buying on weakness as strong stocks pull back to their trendline or breakout levels where you can find good support and risk/reward trades.
Such is the case of SGY where it broke out above $12 up to $13 and has since in the last three days pulled back to the $12 level, where it bounced today. Closed the day positive at $12.62 and I was thinking of adding to my position here, but I already have a decent size position so I won't get too overly aggressive. If oil continues to stay strong here, I like this to trend higher. No overhead resistance and clear skies above!
Holding GRB, STX, OLN overnight and as swing trades. All three gapped up today and traded heavily, making me think that there will be more continuation tomorrow.
My short USD/CAD trade worked like a charm today as it bounced lower after hitting its upward trendline. It got stuck at the 61.8% fib retracement as well, which indicated that a reversal was in order. I put a tight stop on this one and this trade is working out great so far!
BUY STX $13.55
BUY GRB $4.51
SHORT USD/CAD
Markets sold off sharply this morning before rallying and closing positive. As this market continues to be resilient, I would be buying on weakness as strong stocks pull back to their trendline or breakout levels where you can find good support and risk/reward trades.
Such is the case of SGY where it broke out above $12 up to $13 and has since in the last three days pulled back to the $12 level, where it bounced today. Closed the day positive at $12.62 and I was thinking of adding to my position here, but I already have a decent size position so I won't get too overly aggressive. If oil continues to stay strong here, I like this to trend higher. No overhead resistance and clear skies above!
Holding GRB, STX, OLN overnight and as swing trades. All three gapped up today and traded heavily, making me think that there will be more continuation tomorrow.
My short USD/CAD trade worked like a charm today as it bounced lower after hitting its upward trendline. It got stuck at the 61.8% fib retracement as well, which indicated that a reversal was in order. I put a tight stop on this one and this trade is working out great so far!
Comments