It was another day of chop in the market and so far the week has been rather choppy with Tuesday and Wednesday being bracketed with down days.
Tomorrow will go a long ways in determining how the week closes itself out.
I've been steadily adding to the portfolio throughout the week and right now I am 60% long and closed out ALGN today at $62.04 for a 5.2% gain from $58.95 (bought it on 1/14). In all it added $1,048 to the portfolio.
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Here's tonight's swing-trading setups:
Long MDC Holdings (MDC)
Long Plug Power (PLUG)
Long Brown & Brown (BRO)
Short Peabody Energy (BTU)
Short Brunswick (BC)
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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