- It was announced Tuesday after the market close that GE will be replaced in the Dow Jones Industrial Average by Walgreens. Due to GE's dismall performance over the past few years, this was not a surprise to many. The news did drive GE lower and Walgreens higher in after hours. CNBC's Fast Money crew feel that the one to leave typically performs better after the dust has settled. Mad Money's Jim Crammer happen to do a peice that included Walgreens using Fibonacci chart patterns that suggest more upward movement. This was performed before he got the news that Walgreens was replacing GE in the Dow Jones, so it appears more real.
- Starbucks dropped after the market close as they announced they will be shutting down 150 stores that are not performing as well. Starbucks is opening a store every 15 hours in China and is thought they might be subject to government boycotting should the tariffs go into effect. Starbucks was the Fast Pitch by Pete Najerian this afternoon. So any dip should be seen as a buying opportunity.
Wednesday, June 20, 2018
Something Extra for Tues/Wednesday
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Profits Only, Please!!!
I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo... -
I would like to own the job title of day trader. To be a successful day trader, you must focus on keeping your losses small and letting you...
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I typically narow in on one or two stocks daily to profit from options. I feel it is best to know a stock so good that you recognize patter...
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