Today's Trading Plan: Bears Finding a Backbone

Look out for the S & P 500 to break down around the 2155 level.

Technical Outlook:

My Trades:

  • Sold VMW yesterday at $74.87 for a 3.3% profit. 
  • Sold NVDA yesteray at $62.13 for a 0.6% profit. 
  • Did not add any new positions to the portfolio yesterday. 
  • Added one new long position yesterday. 
  • May add 1-2 new swing-trades to the portfolio today. 
  • Will consider adding additional short positions to the portfolio as the market warrants it.
  • Currently 20% Long / 20% Short / 60% Cash

Chart for SPX:

SP 500 Market Analysis 8-25-16

Disclosure:

None.

STOCKS IN THIS ARTICLE

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