Hubert Senters here.
Let’s take a look at AMD. The trade that we were walking through yesterday I showed you like how you can potentially sneak in a trade.
Unfortunately, it doesn’t always work and doing that doesn’t work. You get stopped out. It’s called trading and it sucks but it’s part of business.
So that’s one an unfortunate part of waiting for it to get through the cloud. Sometimes you’re a little bit off just waiting for it to either go above the cloud and in this case below the cloud.
So in this case when I short it, it depends on how much you risk on the trade and how much you loss on the trade because you may have the echo of the memory of that little butt loop we took on that little trade if you did it.
It is a one day sell signal. I’d wait for two more because I would be like just little jaded by the situation.
Don’t freak about it. There’s always better things to trade right around the corner if you miss a trade don’t sweat it.
If you lost money on a trade don’t sweat it. There’s always the market will be open tomorrow unless something just catastrophically bad happens.
So let’s if we can find something else to trade here really quick. Well, it looks like Kroger is rallying.
So a pullback would be decent in that area or if we would look at PFE, Pfizer. Pfizer looks good on the short side.
You could do some UAA. That would just be intraday so you can’t short that thing. Let me search one more little category here.
I like the lows. Lows look good. It’s got a nice a little gap so it’s got a bracket. It’s non-trending.
Usually non-trending is better for shorts than it is up markets because it will drift lower and then it will just get a little violent.
So you got this little gap in a bracket so I like that one as far as the short. So next target will be in the area of $173 short on the lows.
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Good luck. Hope it helps. See you on the next video.
Hubert.