I don't want to overwhelm you with ideas, but I also want to give you the good ideas I see right now in case you need exposure to a particular industry group-remember, we try not to coorelate positions to closely-IT'S NOT GOOD RISK MANAGEMENT IF 2 OR 3 CLOSELY CORRELATED POSITIONS ALL MOVE TOGETHER. This is the only kind of real diversification I advocate.
Any way, tonight you have 26 new ideas to look at, almost all are for execution at the open except for 2 or 3.
We may see some higher prices early on in the day-it may even develop into an up day, but it's nothing to worry about. Use higher prices to add to shorts. Check out the trades from the 27th of April-lots of good stuff there that can be added to on a bounce, remember-we want to add at higher prices most of the time, this is why I've been saying, build your positions, don't buy it all at once until we get downside confirmation.
To understand what is going on in the market and how serious these down days have been, make sure to read the last 5-6 posts at http://www.trade-guild.net/
If you have questions, as always feel free to email me. For those of you whose subscription has run up, I'll be resetting memberships tomorrow so if you'd like to continue on, we'd love to have you. Just visit the Paypal link at Trade Guild and send me an email just like the first time. Thanks and have a great week everyone!
5 years ago
