The bulls had a remarkable recovery yesterday. It did suck for traders yesterday because a lot of people were stopped out of positions.

I was pissed, because I had three positions that I was stopped out of, namely my trade in Apple (AAPL), which would be doing so well. But the thing is, I have to protect profits, I have to follow stops. The moment you don’t is when you lose your edge as a trader. 

So I took a smaller profit than I would have liked in Apple +1.7%, but on the flip side, the trade was managed well, I remained disciplined, and I lived to trade another day. 

No doubt there has been some untimely awkwardness in the market this week. The big momentum plays have been hit hard, while Energy, Materials and Financials have rallied the market higher. Stocks that have been hated of late like the Chemical industry have found buyers, and all of small caps, which have been trading sideways for much of this year, has exploded higher. 

Couple that with freakin’ Boeing (BA) that has all of sudden found itself unable to do no wrong, and you now have a market with identity issues, and trying to figure out where it wants to go going forward. 

With that said, check out the SPY chart – it is pretty solid. It has held all recent breakout levels and support levels underneath, while still trading above all the major moving averages. 

What could be bearish about that? Absolutely nothing!

UPDATE: And before I can finish this article you have this: 

Wow – Trump Considering easing, not actually easing, sanctions against Iran, equals a 2% sell-off in crude. Ridiculous how much sway he has on this market. The Volfefe index can’t come quick enough.

— Ryan Mallory (@SharePlanner) September 11, 2019

With that said, here is my bullish watch-list to follow the rest of this trading watch-list.