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Evening Tape: More Gold, More Red, and Some New Trades Made

Saturday, September 29, 2012 9:11
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(Before It's News)

The Chart of the Day…

stock-of-gold

From SocialTrade

Trades Made Today:

1.Sold WYNN at $114.90 for a 6.9% gain

2. Added GRPN long at $4.88

3. Shorted INVN at $12.14

4. Re-added WYNN long at $115.42

5. Added TTM long at $25.50

Quick Glance at the Market Heat Map and Industries

Notables:

  • Despite a respectable bounce off of the day’s lows the entire market was weak today. 
  • Utilities was a safety play – don’t read anything into that industry. 
  • Technology was by far the worst sector. 

Read more…


Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.

Be Sure to Check out Ryan’s Site at Shareplanner.com



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