Big Wave Trading video lesson for Monday’s stock market session.
It was a very constructive session on Friday, despite the pullback. We rallied off the lows and closed in the upper portion of the intraday ranges of all major market indexes. On top of that, only two sell stops hit intraday and one was a full sell by the EOD. Everything continues to be working in our favor. While the gains are not huge they are decent/solid. I have two speculative long positions but I am tapped out with cash in the cash account and only have margin to work with in the other account and have to see what the rates are on these stocks to see if it is worth taking them in that account at this point. Have a great weekend. Thank you. Aloha.
New Speculative Long Positions: AUPH TGTX (1%)
AUPH – Final cut loss levels: 4.40, 4.35, 4.25, and 4.11.
TGTX – Final cut loss levels: 16.21, 15.88, 15.51, and 14.88.
