Home Stocks Turnaround Tuesday

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It was Turnaround Tuesday to say the least. Markets shaved off a little more than 50% of the losses incurred on the historic drop but still a far cry from Friday’s highs. I’m not set on a full blown rally but clearly we can catch one at any moment. I’m expecting more back and forth trading with the ranges condensing more and more until we can establish a direction. With the volatility in play, we might have to look much more shorter term on trading than placing bets. I’m learning the hard way regarding market timing. We called a signal in WYNN that was profitable by a few points but then the news hit. It was the same with our long signal in LULU. While dealing with news in stocks is a part of trading, the timing of these two signals just plain sucked. Looking for the markets to confuse investors more but a small pullback might be the play today. Open Position: Long Signal: HLF LULU DECK RHT FB EW  Short Signal: ROKU EDU WYNN Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV

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