Hubert Senters here.
Let’s take a look at MESO. One of the biggest percent losers today. It’s not an expensive stock. But it’s down 34 percent so it’s down about $6 for its price action. It’s probably going to set-up. First off the equity looks sketchy. Just because its got gap all over the place. So when you look at stuff like this I call them bipolar.
If you suffer from bipolar I’m not making fun of it is how I think about different markets like some of them are pain. Some of them are trendy and nice. Some of them are violent. And some of them are bipolar a little bit crazy.
When you start seeing gaps like this it makes it really hard to deal with. I call them bipolar. Now, a bracket trade will probably work next week. If it goes above $13.73 potential long. If it trades of closes below $11.13 then it’s probably going to drift back down here to the $6 area.
I’ve been invited to speak at the Wealth 365 2020 Election Summit. That happens at about 9 days 16 hours 49 minutes and 26 seconds at the recording of this video as you can see this countdown clock counting down.
I will be covering what’s working in the markets, what markets are trending both up and down and new trends that are just brand new longs and brand new shorts.
Good luck. Hope it helps. See you in the next video.
Hubert.
