A Trade A Day

Here’s what I’m looking at tomorrow. Just to be clear:

**Trading ahead of the Fed increases your risk**

Having said that…

I’m being more selective than usual when it comes to my setups. I’d like to think this retracement will last a while but who knows. I’m definitely keeping things scalpy on the long side. Yesterday’s leaders are not exerting bullish leadership. What do I have to trade other than the also-rans? I’d like to think that I’ll catch the next bull market’s leadership in its early stages, but we’re not there yet.

Here’s a few long trades I have on my watchlist:

I just like the 1-2-3 on PBR. I will be looking for an intraday setup over 110.40.

I’m not exactly thrilled with the pattern here. But anything that can move up like that to a new 52 week high in this market environment has got my attention.

The weekly chart(not pictured) has my attention. I’ll take my chances over 12.

I guess books don’t do well in a recession, unless we start burning them for heat Then I expect this stock to skyrocket.

Targeting the 200 SMA on this one.

Consolidation after topping out. I will give it a go under the 55.50 area.

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