The closer we get to the new highs the less investors want to buy a top. Earnings estimates have fallen to a -2.5% decline by Refinitiv but another company was projecting -4.4% this morning. Add that to the global economic downgrade by the IMF and a warning that a hard Brexit would tip Europe into a recession and there was not a lot of reasons to buy stocks today.
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
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