I have to say, this is not an easy market to trade, which is one reason why I continue to tread lightly these past couple of weeks. There's no sense on putting up heavy positions only for the market to knock them down. But I continue to make plays here and there, because you never know which one is going to catch fire (and I've still had a number of stocks do as much), and when the market might figure itself out and start moving in a definite direction.
As I always do every week, I publish my watchlist of those stocks that I'm following closely and this time around it is focusing in on my short setups. Of those listed, I'm taking particular interest in D, LULU, OHI and INVN. The others are definitely worth watching as well, but just might take more time waiting for the right entry on the trade.
Get Ryan's Top Six Trade Setups for Profitable Trading eBook for Free!
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. More >>