Stocks to watch today
I’m getting a little more bearish in my holdings right now. I don’t necessarily expect for a massive move to the downside, but the charts, particularly the SPY is showing itself to be more bearish than bullish of late. You have a double top pattern in place on SPY, followed by its confirmation and what looks to be the start of a dead cat bounce starting to roll over again. Flexibility with my trading is preferred at this juncture and I can easily flip it back to the long side as well as add more short exposure if necessary. I’m just letting the price action do the talking today. I’ll simply follow.
Long Wright Medical Group (WMGI)
Long Ingersoll-Rand (IR)
Short TD Ameritrade Holding (AMTD)
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