Two trades today for two wins. You’ve got to be picky in these markets, because they are going to be picky with you. I couldn’t find anything worth trading after noon eastern time. Be very careful tomorrow, because I believe lots of news is scheduled to come out, not the least of which will be from the Fed. Not sure I will trade, depending on what the economic calendar looks like. Don’t pretend that technical analysis means anything in the face of big news. If the news makes people desperate to buy or sell, your trendlines will be powerless to stop them.
Nice way to start the week!
This video features an important PSA on nutritional supplements. Trades were on Stryker Corporation (NYSE: SYK) and Hovnanian Enterprises, Inc. (NYSE: HOV).
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| SYK |  |  |  |
| HOV | | | |
