TRADING TIPS

Does Not Look Good for MAR

Hubert Senters here. Let’s take a look at Marriot, MAR. You can see that gap down today and is continuing to go slightly lower. It did have a low put in place there and it’s rallied just a little bit off of that. This is Tuesday which is the Election Day so the market’s not moving around a ton today which is a good thing when you gap down like that you’re not going to get a bunch of sellers piling onto it. But with that being said it’s probably going to drift down here and test this most recent low around the $107 area. So if you are long Marriot, MAR make sure that you protect yourself at all times. Make sure you have a stop-loss that is a GTC order and potentially rethink your decision. It actually is going to break $107. And it could potentially go a little bit lower. I’m going to go back in time here and a longer time frame. Yes. If it breaks $107 it could drop to $96, $97 and then after that you’ve got an ultimate resting place at the potential of $70. Good luck. Hope it helps. Remember to get out there and vote. And I’ll see you on the next video. Hubert.

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