TSN Tyson Foods Trades Into Breakout Play 1-13-20
TSN Tyson Foods Inc Stock Chart 1-13.20
The same theme keeps unfolding during coaching calls with private clients...
"I'm having a hard time finding new trades."
The stock market needs to pause or decline to set up better risk/reward scenarios for new swing trades.
Day traders and investors are in heaven but swing traders need sniper-like precision to see quick gains during this runaway bull market.
So what do we do?
I'm look at two potential breakout trades and one SATURATION PLAY today.
TSN and CCI traded into breakout plays with solid room to go. These trades are going into my tracking journal. Meaning I'm not trading the initial breakout. I want to see a pause above those levels so I get confirmation the buying is real.
The third play is I'm looking for a higher opening and reversal to sell short in VLO (saturation play). These trade setups are advanced and should only be taken if you have studied my course and understand how to work the order.
Have a great day!
Pete
Former hedge fund manager slams Wall Street in viral video
One bold former hedge fund manager just went on camera to expose how Wall Street is failing American investors right now.
He’s boiled down what’s happening in the markets to just two words. And he’s urging people to take notice. You’re not going to see the details of what he’s predicting anywhere in the news, especially not from the big banks on Wall Street.
‘This is nuts’ — one strategist explains why he just reduced risk by selling Apple, Microsoft and more
What happens in the stock market when price acceleration goes vertical and investor complacency reaches extreme levels? Typically, bad things, according to Lance Roberts, chief investment strategist at RIA Advisors.
investors are getting swept up in the fear of missing out (FOMO) and ramping up their risk despite the fact that every valuation measure out there is topping out at extreme levels. “Yes, ‘this is nuts,’ which is why we took profits out of portfolios,” he said.
marketwatch.com/selling-apple-microsoft
Top Industrial Stocks for January 2020
The industrial sector is made up of companies that produce and provide services for machinery, equipment, and supplies that are used in construction and manufacturing.
Below, we'll examine the top three stocks in the industrial sector for best value, fastest earnings growth, and most momentum.
investopedia.com/top-industrial-stocks
These Great Jobless Numbers Are Just Miserable
The combination of benign inflation and low unemployment isn't the recipe for economic nirvana it once was.
‘Worst thing’ an investor could do right now is… PNC’s Amanda Agati says
