Humana (HUM) with ascending triangle breakout
I've only added one new trade so far today. A lot of stocks are trading at some heavy extremes intraday, particularly when you are basing it off of Pivot Points. I don't like to trade stocks when they are above the R3 level intraday, like we see in Amazon.com (AMZN) which has a great looking breakout on its hands on the daily chart from the recent short-term descending channel. [more]
Bulls don't know whhat to do! It feels like the walls are caving in, the sky is falling and the Mayans were one year early on their end of the world prrediction. [more]
I like this trade setup quite a bit and has served me well so far with Hornbeck Offshore Services (HOS).
I swapped Diamond Offshore Drillers (DO) for HOS and the net gain between the two has been much better had I just stayed in overextended DO. [more]
In case you missed the Paul Tudor Jones interview on 60 minutes last night, I've provided the video below for you to watch. One of the greatest traders of all time... definitely worth watching. [more]