Futures have recovered off of their lows, and look to open only slightly lower at this point. Case-Shiller report came received a positive response, but that could all be muted by what Consumer Confidence has to say at 10am.
Finding long-setups these days is quite difficult, because frankly, there aren’t any out there. Almost every chart has been messed up pretty badly by the bears of late, so it takes quite the dedication in even finding one chart I like.
LONG: Shire Ltd. (SHPGY)
SHORT: ABM Industries (ABM)
Welcome to Swing Trading the Stock Market Podcast!
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Commit these three rules to memory and to your trading:
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In this podcast episode, Ryan Mallory talks about the big losses that traders experience and what to do with them when the amount of the loss seems impossible to come back from.
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