Trading the 3:30 Ramp

Okay so the headline might be a bit of an exaggeration but the past two trading days, when 3:30pm eastern typically triggers an end of day run, the exact opposite has happened where stocks start to slide out of absolutely nowhere.

Perhaps it is just a temporary thing, but one can’t deny that the past two days has been quite different, where instead of retail money pouring into managed assets at the end of day, it appears that retail might be booking some recent gains of their own.

That doesn’t mean we need to get net short on this market but you need to make sure you are managing risk by not getting to heavy on tilled on your share allocation, particularly to the long side and maintaining the flexibility to flip net short if need be.

On, and you need to read up on the T2108 chart I posted, showing the massive bear divergence on this indicator and what you can do to prepare.

Make sure to keep an eye on oil and its ETF counterpart United States Oil Fund (USO) which had a massive sell-off today and should be a concern going forward, as oil is clearly trying to push back toward the November lows once again.

Free Swing Trading Resources

S&P 500 Chart

ramp capital trading the ramp

Current Stock Trading Portfolio Balance:

  • 2 long positions, 2 short position

Recent Stock Trade Notables:

  • OZRK: Long at $56.12, closed at $54.69 for a 2.5% loss.
  • FNSR: Long at $34.25, closed at 34.70 for a 1.3% profit.
  • UPRO  (Day-Tade): Long at 96.92, sold clsoed at 98.03 for a 1.2% profit.
  • JP Morgan Chase (JPM): Long at 87.21, closed at 89.67 for a 2.8% profit.
  • Chevron (CVX): Short at 110.03, covered at 111.85 for a 1.6% loss.
  • Flex Technologies (FLEX): Long at $15.62, closed at $16.57 for a 6.1% profit.
  • Baidu (BIDU): Long at $174.70, closed at $187.00 for a 7.0% profit.
  • Ollie’s Bargain Outlet: Long at 33.20, closed at $32.50 for a 2.1% loss.
  • Corning (GLW): Long at $26.98, closed at $27.45 for a 1.7% profit.
  • Illinois Tool Works (ITW): Long at $127.74, closed at $129.86 for a 1.7% profit.
  • Marriott Int’l (MAR): Long at $86.16, closed at $87.51 for a 1.6% profit.

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