Week of 12 September thru 17 Sept.

[blygh]

Thanks all - Next week CERN short -  stop loss at 65- limit to cover 56 - rationale - highly correlates with MCK  which is taking a hit - health care would be cut under Trump
and Clinton is not talking much about it 

Blygh

[sd]

Here's the horses so far for next week. Will carry these over and add Tiarra's selection.
Blygh noted that his Horse pick was short, while SD and Spiderman both are long -
Cern is in the Tech/ Healthcare Information services
AQXP is healthcare/pharma
CLVS is Healthcare/biotech
Each of the charts picked expect the past recent trend direction to continue.
LMT is Ira's default- and i thought a view of the weekly chart would prove interesting as price has recently declined into the prior support range.





and I changed the view of LMT to a weekly chart this week- If one is going to be in a long term position, the weekly chart would likely be the best choice .
This weekly chart shows that LMT is at a prior support level- and the question becomes- will this level "Hold" ?.

[tiarra]

Sorry I am late! Congrats on a nice win, BLYGH

VLO long. Stop at 54


BTW, I live in Georgia and the threat of a gas crisis has created a gas crisis! lol

[sd]

Same Here in NC! stations are runn ing out of gas- I sat in line this am for 30 minutes , and 2 of the pump islands quit while i was waiting at the 3rd. Problem is blamed on the shutdown of the US pipeline feeding this part of the country for repairs-
Might be a short work week!