RTS is selling AMZN and buying M in its place tomorrow at the open.
I am selling AMZN and buying BP in its place sometime tomorrow.
Today's rally was impressive. Side money kept coming in all day long. Volume and internal numbers were also bullish. I think there is a very good chance that Market rallies into next year in a very volatile and news driven way. My plan is to add more long positions as corrections occur (1.5% to 2% drop intraday).
All major indices are hovering around their 200 D-SMA. SPX is closed slightly above it's 200 D-SMA today. There is a good chance we see a back test of 200 D-SMA either tomorrow or early next week. My plan is to add more long positions when SPX back tests its 200 D-SMA.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
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