This has been a weird June. The SPX is up like 5 handles. The Dow is flat to up maybe one percent. If it wasn’t for biotech, where would the Nasdaq be? Really.
The best way to deal with any issues in trading is simple…listen to what the market is telling you. The choppier the day to day action has been, the best traders cut back share size as well as the number of trades taken. Patience becomes a virtue in this sort of environment where you need to actually “pick stocks” and try and find “an edge”, instead of just riding the broad market momentum up or down. If you’re having a difficult time, listen to the market. Don’t force what you think it should do on it. Adjust your strategy, become more tactical, or just sit on the sidelines and wait for better opportunities to develop.
Bottom line, this quarter has been more about reversals and chops and reversals, but the overall trends remain higher.
A reminder that my most generous swing trading offer is expiring tonight at midnight.
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TOP TRADES CLOSED SO FAR IN 2015
FPRX +80.0%
KITE +65.0%
JUNO +44.0%
ZIOP +41.0%
AGEN +46.0%
CYBR +16.0%
BLUE + 122.0%
Offer expires Thursday June 11 at midnight
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