Market hasn’t done anything but look at these stocks
- Posted by admin
- on February 23rd, 2012
We have referred to this market as “benign” as a while now and one of the features of a kind bull market is even when the market sits and digests, break-outs work. Take a look at the last four freebies we gave out on the stream $SLW, $IBM, $WLL, and $CLR. Big moves in individual stocks while $SPY has done very little.
IBM has been on our list for weeks, and we mentioned many times on stream:
Just before we left for vacation we gave out this idea for SLW, long on close with stop on lows of day. Awesome continuation.
WLL 54 also given out on stream — and again, big move.
Market sits and does very little while individual set-ups work very well. Definition of a benign market.
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- Keep swimming but with an eye on the shore
- Make peace with not catching every move
- 21 days and counting
- Trade against it
- What’s your edge?
- Wait for it
- Keep Calm and Carry On
- Even if you don’t trade it, you have to watch it
- This is where we would buy AAPL
- No matter what your time-frame, be patient enough to trade against an edge