The Shakedown 9/3/18

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Summer's Over, Folks!

And what a summer it was! Usually towards the end of August I am dying for some decent trading and some volume to come back to the market - but we don't have much to complain about with the overall market action of August! We ripped to new highs against all odds and collectively put up some big time numbers. Proud of the group as whole. 

Now it gets a bit more tricky as the market, while very strong, is looking for some sort of consolidation before continuing to move higher. There aren't a ton of 'A' setups out there as stocks that were within bases undoubtedly feasted due to the market action. 

I will be sure not to over-extend myself in the beginning of the week due to the lack of 'A' setups along with the plethora of 'B' & 'C' grade setups.


Really nice pattern forming in this NDAQ with great price action Friday on the reversal. Look for some volume through $96 for this one to break out.

Trigger: $96

Stop: $93.89

Target: $102-106+

Hope to see you in the chat Tuesday!


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