This week has not gotten off to the best of starts.
After having closed out my three previous trades for profits, Shopify (SHOP) got the best of me, hitting my stop-loss in the very early going and leaving me with just one position in the portfolio. Technology stocks are getting killed today, and right now, I want no part of them, until I am able to see whether or not, this is a one day-even, or a protracted pullback.
I made a rare play in the Utility stocks today, looking for a possible flight to safety as we get closer to the FOMC Statement and Presser on Wednesday. I also wouldn’t be surprised if I found myself net short by week’s end.
Either way, this is going to be a very interesting week.
Here’s the bullish watch-list: