It was a crazy day in terms up market action: down, up, down, up again, and almost down, but still up. The important thing for the bulls is that they held to that 20-day moving average and the dip buyers, yet again, came in to save the day.
At this point, the market looks poised to rally, and tonight's watch-list will focus on those setups.
I added two additional positions to the portfolio today with CBG and CX. Both of them are solid so far.
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So with that said, let's get to the watch-list:
Long Agco Corp (AGCO)
Long Ashland (ASH)
Long Triangle Petroleum (TPLM)
Long Zion Bancorporation (ZION)
Short Carrizo Oil & Gas (CRZO)
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
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