March 22nd, 2017 Watch-list
Hey traders! Big red day for the market as the DJIA came down 237.85 points and solidly broke below the 20sma on the daily chart. Next key level of support is going to be the 50sma on the daily. At this point we'll give the market a day or two and see where it settles. Daily chart for the DJIA below with key support and resistance labeled for review.
Current Open Positions:
LC: All should now be out of this trade as the 3/4 daily sell signal was received. Overall a solid trade here as we hit our initial target multiple times.
UFS: 1.56% red day here. I'll be watching closely to see if we can hold that 200sma level of support. If in, have your 1/2 R/R ratio stop set. Chart below for review.
ECPG: Protective stop hit on this one as we came back hard with the market. Removing from our watch for now.
KRC: We've already gone up and hit our initial target and then some on this trade. All who were still in should have had a 1% trailing stop on quote order in place. That stop would have been executed today for profit. Overall, really solid trade here.