The market loved the Trump speech, Dow Futures are up +160 points as I write this.
Starting new swing long positions into a huge gap open is not one of my favorite things to do.
I have a few stocks on my watchlist today, I will pay extra attention to $TEVA, $ERX, $GUSH, $OAS $SN, and $CNAT.
Here’s the rest of the list;
We have an interest in these stocks if and only if they can get through yesterday’s high plus .10-cents, that is typically where our buy stops will be. This single criterion will narrow down the list to a handful of names unless of course, the market is super strong. You can also narrow down the list by float, price, sector, preference, etc.
These ideas are what we consider swing trades that can last anywhere from 1-10 days. Most stocks if not all go through momentum burst that lasts 1-10 days, that momentum burst is what we look to take advantage of.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.
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