Monday, May 21, 2018

SembMarine - Traded 50 Lots

The market looks a little vibrant today with many stocks moving a little. However as the index move higher, it's reaching a critical supply zone where I think it's risky to take a trade on the long side. The Top Volume as usual has some stock moving but the bigger movements were in the banks. They gap up and started to move higher as of now with a lot of buyers. The tech stocks were also moving slowly like creative and venture where both have buyers.

SembMarine just won another contract and the stock started to move higher today. I was pleased that my student went long on Friday at $2.22 and sold it off to the good news today at 2.26 with 50 lots. $2000 profits over the weekend is definitely a good trade. The market although bullish today, still it's hard to look for stocks as nothing seemed interesting. Those that ran had already ran and we need to patiently wait for opportunities.

Ronald K - Market Psychologist - A Stock Market Opportunist