As You know, recently the market has been acting a bit more sluggish, prone to more weakness, and my own personal indicators (which I do publish on the site) projecting a new wave of weakness too. I’m more concerned than I have been of late to make sure that I’m not over extended to the long side and that any position that I do take on, shows an ability to buck the market trend should it move lower.
Below is a list of stocks that I consider nice defensive plays, and while some of them have great growth stories to them, what I am looking for is opportunities that won’t overexpose you to large losses should the market move lower.
Of my favorites is Amazon.com (AMZN) which continues to trend higher and now has a beautiful cup-and-handle pattern in place right near its highs.
Here’s my 14 Defensive Stock Plays.
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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