TRADING TIPS

Let it Bounce, Then Short It

Hubert Senters here. Let’s take a look at GD which stands for General Dynamics. It was one of the biggest bet gainers today. There’s only a few today. But it bounced up above the turning line which implies that it’s going to run to $140 to $145. Once it gets up there I will be stocking in for potential sell signal. Now, as a general rule I won’t go long until it gets above the purple line at $145 and then I’ll target the $150 area. But this one overall looks a little nasty to the down side. The ADX is starting to creep above $20. It’s $19.54 right now. So I bet what’s it’s going to do is probably going to bounce up to the purple line maybe even to the belly of the beast which is the bottom of the cloud. I like to think of it like a dragon. I know I’m crazy. Don’t judge me. And take a look at it and see what you think. I’ve been invited to speak at the Wealth 365 event. One of the largest online trading summit and investment in the world. I will HYPERLINK you to the registration page. When I get over there in 9 days I will be talking about what’s working in the markets, what markets are trending the best both up and down. And I’ll be talking about my favorite longs and shorts. Good luck. Hope it helps. See you on the next video. Hubert.

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