Dollar Tree DLTR Hits Sellers But Sets Up New Trade 9-17-19

Dollar Tree DLTR Hits Sellers But Sets Up New Trade 9-17-19

DLTR Dollar Tree Inc 9-17-19

DLTR Dollar Tree Inc 9-17-19

Dollar Tree DLTR hit solid resistance at $113 and saw profit-taking but I like a new long and breakout for my next swing trade.

Game planning for a decline in the stock price to the $106 level to initiate one half of my position. I plan to add on 2-3 days of closing above $113.

Side Note: Buying strength in the stock market has been a tough way to win the last few months, especially during August.

A key to consistency is recognizing the type of trade that's working. Not just the setup but the conditions for entry and trade expectation. With incredible indecision in the markets it's been tough to get clean follow through. So you have seen me write "wait for declines."

This applies to both day trading and swing trading. If you feel like you are losing money as soon as you place a trade, I'll bet you are buying new highs or shorting new lows.

Scan a bunch of charts to notice these things. It's all a part of learning to read the tape. This scan is a good place to start. "Strong stock - Weak close."

Pete

Trump says U.S. reaches trade deals with Japan, no word on cars

WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariffs would not be slapped on vital auto exports.

reuters.com/trump-trade-deal-japan

WeWork Parent Is Expected to Postpone IPO

WeWork’s parent company is likely to postpone its planned initial public offering, the Wall Street Journal reported.

The We Company’s proposed IPO has appeared to be in trouble for weeks now, burdened by a flood of negative news coverage and investor concerns over valuation, the company’s business model and corporate governance issues.

marketwatch.com/wework-postpone-ipo

The Simple Strategy Fueling the Growth of Bill Gates’s Fortune

Bill Gates is still in wealth-creation mode.

“We’re not, you know, in some defensive posture where we’re mostly in cash, or anything like that,” the Microsoft Corp. founder said in an interview with Bloomberg Television. “The strategy that’s been used on the investments is to be[…]”

bloomberg.com/growth-of-bill-gates-fortune

Oil surge boosts energy stocks – five experts weigh in

“If you’re doing speculative oil trades based on commodity prices, I think it’s a fool’s trade and I would be very reticent to do that. Oil is not going to $100. The oil dynamics are not the dynamics of our youth and show. …

cnbc.com/oil-surge-energy-stocks

Pete Renzulli
 

Click Here to Leave a Comment Below 1 comments
Grace J - October 13, 2020

What’s up?

I found this article very interesting…please read!

Do you remember the blockbuster hit film The Matrix that was released in 1999? You may not know this, but it has deep spiritual implications concerning the times we are living in and Bible prophecy.

It tells a story of how these “agents” are trying to turn us into machines. We are closer then ever before for this to become a reality when they cause us to receive an implantable microchip in our body during a time when physical money will be no more.

You may have seen on NBC news concerning the implantable RFID microchip that some people are getting put in their hand to make purchases, but did you know this microchip matches perfectly with prophecy in the Bible?

“He (the false prophet who deceives many by his miracles) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name…

You also may have heard of the legendary number “666” that people have been speculating for possibly thousands of years on what it actually means. This article shares something I haven’t seen before, and I don’t think there could be any better explanation for what it means to calculate 666. This is no hoax. Very fascinating stuff!

…Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666″ (Revelation 13:16-18 NKJV).

To see all the details showing why the Bible foretold of all these things, check out this article!

Article: https://1.voicetruth.org

GOD is sending out His end time warning:

“Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

Seek Jesus while He may be found…God bless!

Reply

Leave a Reply: