Long HD and AMGN
I have two new trades this morning that I jumped into with a tight leash, and while I may be swimming up stream here, I have seen plenty of times since the March '09 recovery lows, where the market begins to break down and before you know it, rallies in the face of impossibility.
The first of the trades I took was Home Depot (HD) which is my third time in this trade in the last couple of weeks, with no success yet to date. So we'll see if the third time is a charm.
LONG: Home Depot (HD)
The other trade is Amgen (AMGN) which is challenging a break of the 200-day moving average, and breaking through major price resistance as well.
LONG: AMGEN (AMGN)