Trades

Trade Findings and Adjustments 05-21-2020

Trade Findings and Adjustments 05-21-2020

Announcements: 

Three things to go over or think about today

  1. I got frustrated today because NOTHING is making sense

Holiday on Monday and the volatility caused by this today – Low volume, retail traders in and bigger swings because money makers are spending/managing like usual

Today is a day and tomorrow as well are JUST get through it days with NO trend follow through expected

Can you follow the trends short term? YES you can BUT you would basically be day trading

IF I was you try to take some profits – FB, TGT

You can use the low volume, high volatility to exit trades profitably

 

  1. Opening up the economy again in all 50 states

In Utah gas went from $1.84 to $2.15 in a week

Does this mean more new cases? YES we probably will

Nobody Knows what is happening, how contagious, how deadly, how to prevent

 

  1. Credit vs debit spread

Credit spreads = Credit, 30 days or less, it will make money in a sideways range bound price

                  www.myhurleyinvestment.com

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