I don’t do this too often, but here are some of my favorite swing trade potential set-ups based on and price and money flow today.
Swing Trade Ideas – June 28th, 2018
Bullish Swing Potential
Bearish Swing Potential
Unusual Options Recap From Today
Some stocks to keep an eye on as well here. $BABA looks ripe for a pop soon.
In markets with this sort of volatility, don’t pick a side heavily. By that I mean don’t put a large chunk of change in a directional trade…don’t trade like it’s the apocalypse throwing tons of money into puts and other ‘hedges’ unless you’re not holding many of those as overnights.
I like to balance my bullish options tendencies with equity holdings in $DOG $SQQQ $TVIX $SDS & $YANG – but I stay dynamically with them. I also have some in my port, but the amount varies with market conditions. Dynamic hedging I call it.
I believe we see a bullish bounce tomorrow, in the morning at least.
This is the last week of the quarter so some of the volatility we’re seeing is portfolio rebalancing by some of the ‘big boys’ as well as profit-taking. A common way to do that rebalancing is to take your profits from the stock, then buy calls while your sell pressure is sending it down, then bid it back up and exercise the calls when they’re ITM. Based on that strategy $BABA is a must watch.
Happy and safe trading all.