Summer or no summer, vacation or no vacation, whatever the day, whatever the weather, whenever the market is open, there’s always something to trade. Something, somewhere, is always making a nice simple, predictable, low-risk, high-probability, tradeable move. Sometimes that’s a core stock, sometimes it’s one from the daily watchlist.
Last time we looked at a core stock that was putting reliable dollars into the bank despite the start of the summer doldrums, so now let’s take a look at one that came off the daily watchlist.
I’ll be honest, I didn’t expect much from CSX at the start. It all went rather sideways, giving nothing away. But when it did go, it went far and fast, just how we like it. In under half an hour it generated nigh on two grand profit. The exit was clearly signaled by the momentum dropping away and a small bounce. All straightforward stuff.
That’s it for today. I’m in holiday mode, so fewer trading days and shorter blog posts are the order of the day!