The markets reacted favorably to economic reports worldwide. All 3 indexes closed higher, but overall trading volume was low. It was difficult a day for trading because of the price action with frequent reversals. There were 7 stock picks today: 5 shorts, 2 longs

  • 3 wins: BP, DVN, FTK
  • 2 Break Even: MYGN, DCI
  • 2 Loss: MUR, CVE

Markets closed at: DOW +293, SP +35, NASDAQ +113

Charts documented with stock pick alert entry:

Stock Pick: FTK Type: Long Price: $19.59

ftk

 

Stock Pick: BP Type: Short Price: $31.93

bp

 

Stock Pick: DVN Type: Short Price: $39.85

dvn

 

Reversal – Stock Pick: MUR Type: Short Price: $28.18

mur