Time and time again, history has shown that the so called analyst, pundits and the majority sentiment have always been wrong. Take election as a recent example, "The stock market could crash if Donald Trump is elected president" or "This is what could happen to the stock market if Donald Trump wins" or even "Economists: A Trump win would tank the markets". We all know how that turned out.
After making yet another wrong prediction, another opinion being floated around this time is
Buy the election, sell the inauguration
But wait! Not everyone is saying that's not nonsense. By now, if you are a trader or an investor, you should know that net net more money is made selling news and stock picks than trading itself. So be prepared for these type of news throughout the week.
Full disclosure: I liquidated all my position long or short before the election nor am I going to be holding any position through the inauguration as I forgo the temptation to take a chance, rather I'd be comfortable to jump in once I have a confirmation of the direction in the day or two after the event.
I hope you have a plan for next week and will follow it. Here are some of the stocks that I'll be watching next week.
January 3rd week (01/16/2017) Surflist
ETF that I'll be watching next week.
JNUG and JDUST have been extremely hot so far this year. By that I mean, the intraday range is something that I have a craving for. This has been my go to stock for scalp trading and I'll be on a lookout for some more trades to close out this month.
Similar to JDST and JNUG, biotech has also been pretty volatile producing some nice intraday range with Trump recent jab at the biotech section. Again, I'll be looking to scalp trade this sector either direction depending on the sentiment.
Here are some of the stock I'll be looking to play on the short side as a day or swing position if a setup emerges.
- RYI – Ryerson Holding Corporation
- ZEUS – Olympic Steel, Inc
- ENDP – Endo International plc
- ZGNX – Zogenix, Inc
- GME – Gamestop Corporation
- SN – Sanchez Energy Corporation
- HIIQ – Health Insurance Innovations, Inc
- DXCM – DexCom, Inc
- AKAO – Achaogen, Inc
- CENX – Century Aluminum Company
- ARRY – Array BioPharma Inc
That's it folks and Happy Trading!
PS: questions? comments? feedback? I'd love to hear them.