This Week's Stock Ideas
Monday, August 19, 2024
Good morning everyone, and congrats to those who caught that 12% MGM trade with us!
As mentioned last week, equity markets continue to climb higher on lower-than-average volume. Several members asked us how to proceed, given the reduced volume. The answer is easy: We continue to ride the wave higher, but we need to be more strict with our stop loss parameters and book profits quicker. Because market internals are not in sync, we must stay cautious and take profits when they are presented. We will update everyone if we see any signs of a reversal in the trend.
Check out this week’s trade ideas.
Last week’s sector performance
