January 30th, 2017 Watch-list
Hey traders! Remaining light heading into a new week of trading! There is a lot of uncertainty right now with everything going on surrounding the refugee situation and so forth so we'll watch closely tomorrow to see how the markets react. Looking at the DJIA daily chart, we're still fairly topped out, and like I said a few lists back, a pullback in early February would not surprise me at all. Daily chart below with key support and resistance labeled for review.
Current Plays on Watch:
CVM: We saw this one make a strong move early Friday before settling a bit then pushing higher into the close. Rough entry at $0.1123. Hoping we can see momentum continue on this one and allow us to exit for profit tomorrow. If in, make sure to have your 1/2 R/R ratio stop loss locked in! Chart below for review.