With the backdrop of the US election campaign, the run up of the stock market continues for the last 3 days with a pull back towards the afternoon today.
As alerted to you, ANTM has not weaken, so we do not short it since Monday. It is still staying on the 20ma level. Upon further weakness tomorrow, meaning, breaking 1060 as an early signal, it can be shorted. For those who want to take a lower risk position, you have to wait till it break 940.
As recommended for short term play for Day Traders, The 3 stocks performance are as follows :
1. CPIN opens 375 on Monday and reach a high of 435
2. AALI opens 6400 on Monday and reach a high of 9000
3. ASII opens 10500 on Monday and reach a high of 13500
All 3 stocks recommended performed accordingly!!!
Well, well, well, hot favorite Barack Obama is the 44th President of USA.
On the equities front, the market seems to be coming to face with dimming reality. Honeymoon looks like it is shortlived.
I favour short positions at this position.