Difficult market for trading when you are relying on a bunch of incompetent politicians to play nice…..or better yet be consistent. One poll comes out tells them they are losing ground with the public they want to talk, another says they are winning, they don’t want to negotiate. It is a royal mess and the whipsaw action in the SPX as a result makes trading extremely difficult.
So I’m only doing a couple of trades both to the long side that I find rather favorable on the risk/reward front.
Here’s the trade setups:
Long: American Capital (ACAS):
Long: Genworth Financial (GNW):
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