New Month, New Opportunities
Well it does
not appear that even the heat and humidity that summer brings can
stop this market form being incredibly fickle. However, fickle is good, as it
relates to HVT. Yesterday, (National Mark Up
Day), provided a whole host of great setups from an HVT perspective, although
the position trades were not as robust. So as we embark on a new month, stay
focused with your fingers ready to dance across the keyboard, because it does
not appear as though the intraday volatility is going away.
Frankly however, the last couple of
weeks are catching up with me from a writing standpoint. I am just at a loss on
specifically what to embellish upon today. As a result, I will simply be
providing KTNs and some potential setups
that I see from a position trade standpoint.
Naturally, in the interest of focusing
on your needs, feel fee to email me if you have some topics you would like to
see me focus on in upcoming columns. So, after the morning trading session, my
sole focus will to be come up with some literary masterpiece for tomorrow.
Potential Long
Swing Trades:
Walgreens
(
WAG |
Quote |
Chart |
News |
PowerRating)
Harley Davidson
(
HDI |
Quote |
Chart |
News |
PowerRating)
Potential Short
Swing Trades:
Abercrombie &
Fitch
(
ANF |
Quote |
Chart |
News |
PowerRating)
Expedia Inc.
(
EXPE |
Quote |
Chart |
News |
PowerRating)
Key Technical
Numbers: (futures)
S&Ps |
Nasdaq |
| 943.85Â Â | 1010 |
| 932.10 (confluence)Â | 999-1000 |
| 922Â Â | 986 |
| 912-14Â | 976-78 |
| 900.12 (very key)Â Â | 970 (key) |
| 892.4 (confluence)Â Â Â Â |
953.5 |
| 880-81 | 942 |
| 867-68Â | 935 |
| Â | 914-18 |
Have a great trading day, and remember
to take full advantage of this incredible trading market. As always, feel free to send me your
comments and questions. See you in
TradersWire.