The market gaped higher and drifted sideways thereafter. All 3 indexes added +1% with the gap-up open. We only had 2 stock picks today – long and short stock picks netted +3% each.
- 2 Wins: SYY, XPO
A few charts with entry signal highlighted at the time of the stock pick:
Stock Pick: SYY Type: Long Price: $37.25
Stock Pick: XPO Type: Short Price: $39.64
I’ve been watching these picks for the last few days and they seem to be good. Last week you’ve had 7-8 alerts on average, however today there were only 2 alerts. What gives?
Hi Jason – the markets gaped higher at the open and then moved sideways for the rest of the day. On SPY chart you can see this – it’s called Flag pattern. On such days there aren’t many day trading opportunities. Our stock picking algorithm only picked two stocks that meet all it’s criteria. Both the picks reached full profit target.