One more day until this weird broken-up trading week is finished. After this week, there is one more of these weird weeks with next Thursday being an OFF day due to the Jimmy Carter state funeral. I do not think this has ever happened before in the history of the stock market. Despite the back-to-back broken-up weeks and today’s red session overall I did receive some actionable signals. There is not enough evidence to increase size per new long signals based on either how my recent long positions are performing and/or the structural makeup of the overall market. I am double red on all indices and CYBR’s breakout reversal is yet another yellow flag that things are not properly aligned for full size. The good news during this pullback is that the HOT Quantum sector is still HOT as QUBT QBTS RGTI continue to flag as RGTI and QSI rallied hard into the close on zero news. All momentum. This market malaise will pass and when it does I do think a new all-time high is inevitable sooner than later. The video lesson discusses the new long positions in detail. Have a great rest of your evening. Happy trading.
New Swing Positions: IBKR VST MTZ WLFC.
IBKR – SELL STOP: 171.08.
VST – SELL STOP: 131.63.
MTZ – SELL STOP: 129.87.
WLFC – SELL STOP: 192.11.
Sells (% return on EOD basis):
50%: TILE (+36%). NBBK (+15%).
100%: TCOM (+1%). CSV (-4%).
