Since 1:15 the S&P has had trouble regain momentum to the upside in the bounce. That has left the index trading just above the 3000 level. If you recall, the market direction outlook has kept advising that we are going to see the index retest 3000 and could even fall to 2990 Wednesday or Thursday before rebounding higher. Today’s drop took down a few stocks that I already have trades in, as investors take profits.
Here are a couple of trades done in the weakness today.
The rest of this trade alert and ideas article is for FullyInformed Members..
Afternoon Trade Alerts and Ideas For Tue Jul 16 2019
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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