Friday may have just been a lull in the pull-back. We will certainly find out come Monday. This weekend fighting continues in Iraq, and the news of a downed military transport in the Ukraine plus NATO indicating pictures show Russian tanks are being used by Ukrainian rebels may impact stocks at the start of the week. But if stocks do weaken a bit more to start the week, then these trades might end up being even better.
In just about every market there are always some trades worth entering. The weekend is a great time to review stocks and make plans for the coming week. Now entering the 3rd week of June, so far the “sell in may” crowd have been wrong. As explained during the week, I believe the latest pull-back is just that – a pull-back. The market was heavily overbought and the pull-back was not unexpected. Stocks could still fall back to 1897 to 1919 and try to establish a support level there or they may try to create a support level right around 1935. I am unconcerned unless the S&P gets down to 1870 at which time I will be looking for any signs that 1870 cannot hold at which time I will open long positions in the SPY or Ultra Short ETFs for holding longer than a day or two.
For now though, here are 10 trade ideas I have been viewing and considering for the start of next week. Remember you always trade at your own risk.
Ten Trade Ideas For the 3rd Week Of June 2014
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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