facebook-cover photos-4

We’ve rallied nearly 100 points off of the February lows from February 5th, and it has been nearly non-stop. 

But today we saw a possible change in the tides. Has it just been an over-glorified dead-cat bounce all along, or just a bump in the road before establishing new all-time highs yet again on the S&P 500. 

The jury is out still, but what is not in question is the fact that I’ll be able to respond to how the market decides to act accordingly. For instance, today, I added a short position in Citigroup (C) while closing out a winning trade in Manitowoc (MTW) for 3.1%  and cutting a non-performing position in Harman International (HAR) for a 1.8% loss. 

That is on top of gains already in stocks like CLR (4.4%), SWFT (10.3%) and BAS (15.6%). The one thing I am good at is always keeping risk on my side, knowing when to get in, when to get out, when to get heavy and of course when to go light. 

Right now I have gone light on this market, simply because I understand the dynamics of risk and what a  market is capable of doing. Sure it can rally 100 points non-stop after a heavy sell-off. But what about 150? Or 200 points on the S&P 500? Not nearly as likely.

As a result, it can be said that the easy money has been made in the last two weeks and going forward, the terrain becomes bumpier and a bit more uncertain. So tomorrow will be pivotal for me and the direction that the portfolio takes which currently stands at one long position and one short position. 

If you want to join me for what will assuredly improve the way you trade the markets, then join the SharePlanner Splash Zone and receive my swing-trades in my chat room as well as my real-time trade alerts via text, email, and even automation is available through Ditto Trade. 

With The Splash Zone, you will get low risk and high probability trade setups that no other trading service can offer.

subscribe

Start Your Free 7-Day Trial Today!

You Might Like

  • Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • How to Trade a Bear Flag

  • Technical Analysis vs Market Conditions: How to Know What’s Affecting Your Trades