It is difficult to make much out of a day like today. But since that is what I do, I will. The market ended the day higher after spending the early hours underwater. Volume came into the market as it rallied but it was still well below the 50 day volume average. This indicates there was not a lot of enthusiastic buying by larger funds. We will see in the coming days which way the market wants to go.
If you need to read anymore into the markets current condition, read the past five post in the blog. Also remember to keep some cash on hand, while you buy and sell some stocks.
New Swing Longs: MSTR JTX WRES SKX DCGN AEIS
Longs Outperforming Market (up 5% or more): BCON ASEI PRLS SBTV GNSS CUTR TAGS BMD RCCC FLSH
New Swing Shorts: PL CME VLCCF
Helpful reminder: ALWAYS CUT YOUR LOSS, NO MATTER WHAT, WITH A CLOSE BELOW THE OPEN OF THE BREAKOUT DAY. SO BASICALLY IF YOU BUY A STOCK TODAY AND TOMORROW IT REVERSES AND CLOSES BELOW THE OPEN OF THE BUY DAY, YOU MUST SELL NO QUESTIONS ASKED.
Under the Radar Screen: AOB IIN API AEZ
Aloha from Maui
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