Today is a mixed day in the market, with no clear edge in either direction.
The overall direction of the market remains up, but fighting a day like what today has been, so far, doesn’t make sense. There is little momentum in the market as it digests Friday’s gains.
I am going to stay put for today and wait and see what kind of direction we get this afternoon, and how we open up tomorrow before adding any new positions.
Below, I’ve put together my watch-list to guide me this week. Sure, I’ll add more names as the week progresses, but right now, this is what I am playing by.
This market is still elevated in terms of volatility, so you need to be careful about how much exposure you add to your portfolio. Keeping risk tight is absolutely key to successful trading.
Here’s the bullish watch-list: