Trades today:
I sold AU this morning...probably prematurely but I'm up $2/share on a nice bottom scalp.
Bought MON yesterday around $128 and sold this morning just over $134.
Sold some of my FCX at $118.20.
Markets remain weak as the financials were looking for an "all clear" sound from the Fed. They DID NOT get it. Fed did not raise rates. Therefore, we are probably looking at a continuation of what has been happening for the past 9 months= sell financials, cyclicals, retail and buy oil, ag, pms. Remember: in a bear market try to keep your trades quick intraday if possible.
KEEP an eye on the pharmas! pull up a weekly of PPH! This is a defensive play and typically a good one when the Dems look to take over office! Back to $77-80 by January is possible.
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This site is for stock and ETF traders. My intention is to educate and help traders gain experience-- a glimpse into what other traders are doing. As a retail trader you are at the mercy of the markets and the few big players that can control price movements. Here, you will find trading ideas mostly. On occasion I will post actual trades.
