As the market prepares to enter the next earnings season which will be kicked off on Friday by the banks reporting, there are a lot of stocks that are seeing profits being taken.
This next stock is typical of what we are seeing this morning, namely many large cap stocks that have made new all-time highs being selectively sold to lock in profits ahead of the next earnings period.
This trade is in one such stock.
The rest of this trade alert and ideas article is for FullyInformed Members.
First Trade Alert and Idea for Wed Jan 13 2021
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.