Just when everyone was writing off the rally as dead, the buyers came back in the face of disaster. After the worst market week in 2019, Boeing fell -58 points at the open and erased about 395 Dow points. That should have been the end of the world as we know it. Boeing rebounded to close down only 22 points and the Dow rebounded to gain 200 points. I would never have believed it if I had not seen it. With that kind of rebound, we should see some follow through on Tuesday.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
CAT - Caterpillar
The long position was entered at the open.
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts