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I have highlighted 3 DJIA stocks that are the most POINTS above and below their KEY LEVELS so you might consider opportunities to sell short the strong ones and to buy the weak ones to return to their KEY LEVELS for a re-test. If you buy weak stocks , you want to buy some upside momentum. If you sell short strong stocks , you want to sell on some weakness. At least that's how I approach it. You can also sell short stocks that are rallying back up to their KEY LEVELS and risk a small amount (an average range of daily trading). I also like to buy stocks that pull back to their KEY LEVEL and risk a small amount (an average daily range of trading).
The KEY LEVEL is a special composite of the price action at and I've found it is useful and logical for trading.
Join us at KEY LEVEL chat room to find stocks intraday that are showing up for trading ideas.
All the best,
November 19, 2015 10:57PM EST