The Shakedown 9/16/18

Healthy Action

In this choppy, uptrending market we have seen that timing your buys has been quite important. If you had been outright buying blindly every single day, it hasn't been as easy a trading environment as the charts may have it appear. If you have been approaching the market tactically where you are becoming a buyer when you see a market pull backs stall, you have likely had a lot of success the past few weeks. Would expect much of the same this week (pending any wild news, of course).

WHD Long

Newer issue WHD is approaching a huge resistance level in the $36 region. It's gone after the level a few different times without being able to sustain the move and subsequently failing to break out. This time, however, there is proper consolidation at the upper end of the range with volume to show you the buyers are real. I grabbed a feeler Friday around $35.50 and will look to add through $36 if the volume is right. Because of the tails, the trade technically triggers through $36.50.

Trigger: $36/36.50

Stop: $34.24

Target: $40-44+

Hope to see you in the chat Monday!