Edit: I just realized the market will be closed on Monday in observance of MLK day, so the next Bandit Broadcast will be published on Monday rather than the usual Sunday. Enjoy the extended weekend!
Good evening StockBandits!
The bulls claimed another small victory today with modest gains across the board, reminding the bears that they are still in the driver’s seat. The uptrends which have been in place since last March are still intact, but we’re sure not seeing much momentum of late. The NAZ remains range-bound, and the S&P 500 and DJIA are only creeping quietly higher. Volatility has contracted significantly, but eventually that will change. For now, the trend deserves our respect.
Tomorrow is of course options expiration Friday, which is to say that some once-monthly factors will be at play and could bring some unusual moves. My plan is to simply keep an abbreviated timeframe for new trades while managing my existing positions. Many stocks are in good health, but selectivity is still en vogue with the lack of momentum in the indexes.
Please leave your comments and/or questions below if you have any, I always enjoy the interaction.
Here is tonight’s video:
The Bandit Broadcast Video – Click to Watch!
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Video Stocks Discussed: ZION, AEIS, BA, PNC, FCN
Swing Trading Candidates:
NONE TONIGHT
Bullish Watch:
ESI, LUV, CAL, DAL, F, HUN, SWK, ADS, ZION, AXP, AEIS, DRWI, X, MDC, BA, V, NAV, PNC
Bearish Watch:
NTRI, ANF, IOC, SYNA, TRV, FCN, FAF, FMX, NFLX, GPN, MELI, TECD
The Hit List will be coming out soon with discussion on open positions and swing trade stops and targets, so be sure to watch for it.
