March 6th, 2017 Watch-list
Hey traders! Essentially an even day for the DJIA as we closed in a doji candle on the daily chart. Technically speaking we have the daily indicators showing a "Sell". Add that to the fact that we've seen the market overextend at an unprecedented level, the chart is screaming pullback. Still however, this market has a mind of its own. We'll remain neutral to the market the best we can at this point. If we can get a nice market pullback, that's when we'll look to position ourselves in some reversal plays.
Current Open Positions:
No current open positions.
Current Stocks/ETF's on Watch:
UFS: Still watching for a daily and 15 min buy signal. Sitting right at the lower end of our buy range. Keep on watch. Chart below for review.
LC: We saw this one dip into our buy range which is the first step to us securing an entry. Next we need to see the 3/4 daily buy signal followed by a 15 minute buy signal before entering. Keep a close eye on it early this week. Chart below for review.
ANTH: This one has broken out of the ascending triangle pattern we were targeting it for. With that and earnings coming up, we'll remove this one from watch.