March 1st, 2017 Watch-list
Hey traders! Small red day for the DJIA as we settled back 25.20 points. We're seeing those daily indicators show some weakness and a pullback in this level would not surprise me. With that said though, this market has been on a strong move so it's tough to try and predict exact movements. DJIA daily chart below with key support and resistance labeled for review.
Current Open Positions:
CVM: Initial profit target was hit and briefly exceeded today for this one. For those who locked in profit, great trade! For those who are still in, consider moving your stop loss to your break even price to reduce risk. Chart below for review. If not in, do not chase in this level.
Current Stocks/ETF's on Watch:
UFS: We settled down a little more today to the next support level, so I went ahead and made some slight adjustments to the profit target and buy range. Keep on watch for the buy signal! Chart below for review!