Today's Trading Plan: Brace Yourselves - Heading Back To Consolidation

By Ryan Mallory of SharePlanner
Wednesday, August 17, 2016 8:34 AM EDT

Technical Outlook:

My Trades:

  • Sold ADSK at $62.74 from $60.20 yesterday for a 4.2% profit. 
  • Sold IBB yesterday at $292.29 from 295.02 for a -0.9% loss.
  • Added two new long positions yesterday. 
  • Added one new short 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 50% Long / 10% Short / 40% Cash

Chart for SPX:

SP 500 Market Analysis 8-17-16

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Chee Hin Teh • 9 years ago • Member's comment

Thanks for sharing