The Shakedown 6-13-21

LAST WEEK, S&P 500 (+0.40%)

Monday: -0.10%

Tuesday: +0.02%

Wednesday: -0.15%

Thursday: +0.46%

Friday: +0.17%

The market is in full fledged grind-up mode as Summer rolls on. We've been pretty blessed with a great swing trading environment the past 3 weeks. The market is still being selective with winners, but there have been a lot of great setups working well.

 

The market's been very rewarding to sticking to gameplans if you're giving stocks the proper amount of room. I've been finding the most success by concentrating into 3-5 names each week, and the more concentration the better (when we don't get slipped with a couple secondary offerings of course). Other than that the plan remains pretty simple: Stick with the best setups, give them proper room and don't over extend yourself with risk so you can treat these trade setups properly. 

Earnings This Week

Click the above picture for a full list of the companies reporting this week

*MAKE SURE YOU KNOW WHEN STOCKS

YOU'RE TRADING HAVE EARNINGS*

RSG Long

RSG is within a beautifully tight macro consolidation, holding 108 support as it winds up before getting ready to take on the 110 level. Looking for an entry through the resistance break at 110. 

Trigger: $110

Stop: $107.89

Target: $116+


Leave a comment