- sueZmacDKeymasterNovember 27, 2016 at 7:33 amPost count: 219
I hesitated about extending the run of V and MA from the November to the December Opportunity Worksheet…
As I’m watching this market —- MA looks like it’s moving and while the M and W charts on VISA (V) look like price could fall further – the D and real time charts are showing some sign of trying to hold….
So I’m closely watching MA and V this week to see if I get a potential short term swing setup on the hourly chart —- small positions only….
Also – I keep looking at that M chart on X (US Steel) – and while price has run hard and fast —- if it pulls back with strong divergence – I’ll look for another opportunity to trade this one….
Remember – we’re focusing on: OIL / OIL SERVICES / INFRASTRUCTURE (Steel – Copper – Materials – Equipment – Companies) and we’re also watching Financials —-
And don’t forget – if you don’t trade the bond futures which have been falling in expectation of a DEC increase in interest by the FED (and other factors) —- you can substitute TLT (goes long when the bond goes long – with the bond) OR TBT (inverse correlation) — goes the opposite direction as the bond future…..
- This topic was modified 4 years, 4 months ago by sueZmacD.
Attachments:sueZmacDKeymasterDecember 1, 2016 at 12:28 pmPost count: 219
Don’t mean to give you too many to look at – BUT……
After the market digests this big move (and we might want to see when the Nasdaq stops falling) –
I’m adding the following to my watch list for potential entries (small positions):
Defense: watching BA
Food: new category – watching: CBRL (a Trump Trade)
Oil Services: watching SLB
Secondary addition: IBM (for those who like the DOW stocks)
Again — these are just a few additions to the DEC watch list – no magic – just seeing if they
If you want to try to short something —– TLT / TSLA / FB look like they could continue to pull back……
Let’s keep celebrating the current clarity we’ve been given in this “HONEYMOON PHASE” – watching for the next group to come on line…..
None of these are without risk – and there is no need to try to take them all —– find one or two that really look good to you from the long list we presented this month – and happy trading….
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