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August 23: My thoughts by TradesAfterWork

My thoughts...


The Nasdaq Composite ($QQQ) decided it was time to show its muscles once again with a +2.65% gain for the week. The S&P 500 finished up +0.72%, while the Dow Jones 30 was flat. The $IWM or small caps were down -1.58%, although it looks like we may have gotten a small bounce off of the 21 Day EMA today.

The market, though not explosive this week, is fine and gave us the 3 stocks plays this week. As I mentioned on Wednesday, DKS was stopped out this week and if you are currently using a commission free trading platform, which you should be, then you are flat.

We bought 3 stocks this week, $FDX and $ODFL and $JD.OUR stock trade for tomorrow morning is $BJ, which is BJS Wholesale Club. The stock just hit a new 52 week high last Friday. The price will activate at $46.69. Please see above for stop loss.

Have a great evening and happy trading!
- Bernard


Learn more about them here - TradesAfterWork.com -


Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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