The Chart of the Day…

NTE Sucks Big TIme

 Days like this suck…. but they happen and there will always be days like this… just have to fight through it as traders. 

Trades Made Today:


1. Day-Traded JRCC $2.99 from $2.98

2. Stopped out of NTE (See above – once is enough)

3. Shorted DRC at $52.38

3. Maintained other four positions in portfolio. 

 

Quick Glance at the Market Heat Map and Industries

heat-map of the S&P 500

Notables:

  • Intraday reversals like we got today, kill bull morale.
  • Forget Tech, Apple led the market lower today.
  • Major Oil/Gas did fine today, rest of the sector struggled.
  • Healthcare maintained its own. 

SharePlanner Compass:

stock-market-compass

After we broke out intrday and then pullback below those highs, we are officially consolidating…let it be known. 

And of course…the RIDICULOUS!

This mornings unemployment number was no doubt a farce – Jack Welch knew it, media knows it, and the market knew it when it plummeted this afternoon. The numbers don’t jive, and the thought that we added all these jobs is a total joke.

And Christina Matthews is an absolute tool of the DNC and outside of Rachel Maddow, there isn’t a journalist out there that makes me want to kick-in my television set more than him. In the video below he thinks he’s got Jack Welch in a corner – the problem is, he just exposes himself as closed minded and incompetent to understanding simple logic. 

 

You Might Like

  • how to manage your swing trades when it comes to headline risk.

    Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind

  • What to do after a winning trade

    What to Do After a Winning Trade

  • SCOTUS ruling on tariffs and its impact on the stock market.

    SCOTUS & Trump’s Tariffs: Preparing for the Verdict