Life intervened again this weekend as my middle daughter came home college and I donned my Julia Child apron to cook & bake items for her to bring back and feed the hoards in her dorm. I now smell like butter and flour. *augh* How very Laura Petrie of me.
So it’s Sunday evening and everyone’s wondering how the market’s going to trade based on the healthcare bill but rather than argue, I say turn off your television. Just remove the emotion and trade the charts in front of you. fwiw tomorrow is a Bradley Model date which means we should see a break of direction one way or another. I say thank God because this sideways action is boring me to death. Here are the long & shorts I’m looking at tomorrow. There are a million more out there; I’ve just been limited on time so I’m keeping it simple. Just turn off the boob tube……….and trade the charts.
If the market is behaving bullish: Long TRV on a breakout **if**it’s accompanied with increased volume. Overhead targets & resistance marked. Stop below Fridays low.