As the market continues to look for a direction I am being disciplined and entering trades at the prices my system dictates. I did get short AMZN today (chart below) at $118.87 and have a stop loss (blue line) for Tuesday if the stock closes above $127.39. This is a rather wide stop but will give the stock room to move about without getting taken out of the trade.
I am also watching SDS and QID this week for a pull back and a chance to enter these ETF's as the weekly charts are long.
For Tuesday I have the following stocks and ETF's I will be watching for an entry on the close:
TBT - Long above $48.41
RSX - Long above $32.43
DTG - Long above $25.69
FXY - Short below $109.38
.jpg)
No comments:
Post a Comment