I’ve returned from a weekend long journey to find a market that wants to explore higher prices. The chart we last reviewed on the Nasdaq held right where it should and that’s an important reference point moving forward.
I loaded up with some positions last week, as discussed…and am simply waiting for things to play out. It wouldn’t surprise me to slip into a grind here going into year end. Should that be the case, start observing top/bottom performers each day to look for correlations and patterns. That’s where themes will start to emerge for the monthly rotations we’ll be playing. Most of which we’ll highlight on next weeks Boot Camp.
Last week in After Hours with Option Addict, we did a retail top down…and I am really starting to like some of the charts that we focused on. I’m going to take a swing at 1-2 names this week. Got any names in that space you feel strongly about?
Also, After Hours with Option Addict members…I hate to do this, but we need to meet a little later than usual today. I need to push back one hour from 4:30 to 5:30 ET. We’re going to cover this weeks watchlist.