Sunday Seven: My Top Trades for Next Week
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The market continued to grind higher this week, but we could be looking at some upcoming chop! We need a break over 417 for a move to 427. I’m thinking the market can get some healthy downside here to test the trend line back at the psychological 400 level again. While this happens, let’s take a look at some plays I think can move.
The way I organize my trades is first I dictate whether I’m looking at a Long (goes up) position or a Short (going down) position. Then, the word PT (price target) is listed, along with SL (stop loss, the price I will cut my position at if the stock goes below that.
Example:
Long AAPL 0.00%↑ @ 145
PT: 150
SL: 139
^This should read as, I will buy AAPL at $145 and sell at $150 and if it goes down to $139 I will sell for a loss.
Let’s check out my stock picks for this week, my top seven penny stocks, SPACS, small caps, and options plays are listed below for premium subscribers: