Although the market sold off on Friday, volume was lower due to the holiday, and the Dow and S&P 500 closed within trading ranges. The Dow still looks the best, but indicators are starting to point lower.
The market will soon enter its historically best performing month of the year. However, the last 2 Decembers have not been positive for the Dow. There was an interesting stat pointed out this weekend at Amateur-Investors.net. Going back to 1896, the Dow has NEVER had 3 down Decembers in a row. That’s an amazing stat, and one reason I remain cautiously bullish.
Once stock from the Watchlist did well Wedneday and Friday, and that was RINO, which still looks good.
I swing traded most stocks in November, and didn’t do well. My account suffered a big hit on Friday, as many stops were hit. I am still holding a couple of positions. One good thing is that these positions were all smaller than usual. I likely would have done very well had I day traded these triggers. I plan to keep new triggers short term for now, until there is a breakout or breakdown in the Dow and S&P 500.
Although some of these are labeled as day trades, I will likely day trade all new triggers, unless they show reasons to hold.
Good luck and good trading!
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