Strategy Alert: Close Short Positions $QID $SDS $TWM $DXD
This is an email transcript of a real time email that was sent to subscribers at 8:10 AM ET on Wednesday Morning.
Strategic Plan Strategy (SPS):
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The Strategy is holding DXD from Tuesday 2.25.20.
- Close DXD at as the market opens.
- Expected Gain 4.2%.
- This is a subjective call.
- New Trades can fire if the Market tests the parameters.
- The Market would need to recover about 75% of Tuesday’s decline to trigger a new trade.
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Stock Traders Daily is celebrating 20 years making proactive trading strategies. We flourished during the internet debacle, the credit crisis, and the up-periods in between, but during strong markets people lose the motivation to manage risk, so our work becomes more work that it seems to be worth. That is, until investors realize the reality of market cycles, and weakness comes again.
Stock Traders Daily has been doing this for long enough to know that the market would look much different without stimulus, and the Global Market Analysis we provide to clients sets a timetable for the end of the equity catalyst associated with the current asset purchase program (as of 2.25.20).
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Green = Support
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