TRADING TIPS

JWN A Better Short than Long Here

Hubert Senters here. Let’s take a look at JWN, Nordstrom Inc. Obviously, it isn’t a valid down trend not having a great year. And now it’s gapping up so it could be a potential bracket trade to the up or the downside. I’m looking at it is as a better short because it’s probably going to do this little pattern round here again. Jump up here but you can modify it and make it a bracket trade if you want to so long would be above $31.23. Me personally, I wouldn’t go long it until it got above the cloud but whatever and you could also do bracket to the downside $28.56. So if you’re a little bit cautious on this which I tend to mean on be cautious on everything is the short position could be a break of $28.56. Target 1 would be right down here in this area of $27.84 and then $26.70 and then you can break the low at $25.04 to the downside. Now, we’ll get a special webinar this weekend ‘’Why This Hedge Fund Manager is Telling Friends to Exit Stocks’’ and where to put their money next. CLAIM MY SPOT NOW to register yourself for the webinar. What’s going to be Saturday, August 24th at 10AM EST. Good luck. Hope it helps. See you on the next video. Hubert.

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Get Reports From The Trenches on What’s Working Now
Twitter Facebook

 

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.