in terms of trading today…

1) it is friday so we don't want to make any major decisions…especially as next week we have a TON of corporate earnings coming out

2) a boring trading week isn't smart to force into something big on the bottom line on a Friday…risk/reward just isn't there

3) depending on how sharply we rally today we may close half of our bucket 2 short position in SPY…but we will have to evaluate as we go along today

4) other than that it's not  a good environment this week to add major positions in b2 or b3.  if and when we break above 1220 again on teh SPX we would look to add b2 longs in HIG, MS, some industrials, energy, and semiconductors

 

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.