What to trade a week after inauguration? 01-23-2017 week surflist

Market Analysis

So last week there was quite a buzz about "Buy the election, sell the inauguration)" theory and so far we haven't seen any anticipated sell off yet. After presidential oath and during Trump's speech, we saw minimal volatility and the market still closed up for the day.

This week is going to be critical and the legislative actions taken in the first week will most likely give us a preliminary hint on how the policies might impact the overall market on a longer term. For now, markets still seem to be hopeful about the continuation of the bullish run but things can change quickly after the first ninety days of the new administration. Historically, if you look at the months after the past four inauguration, market have trended upward.

I've yet to take a swing position spanning weeks or months this year as I'm unable to see a direction either way. Do you see one? Thus, I'll be on the sidelines in terms of long term position. However, the uncertainty can produce some good volatility which results nice short term trading opportunities which is what I'll be on the lookout for this week.

January 4th week (01/23/2017) Surflist

ETF that were very active on Friday.

ETF-01-23-2017

My go to ETF for next week would still be JNUG/JDST and LABU/LABD as they continue to have a very nice intraday range producing some great daily returns on either direction.

JNUG-01-23-2017 LABD-01-15-2017

Short Setup

Here are some short ideas for next week. I'll be on a look out for the downtrend to continue as a confirmation to go short.

  • PSTI – Pluristem Therapeutics, Inc.
  • RAD – Rite Aid Corporation
  • BMY – Bristol-Myers Squibb Company
  • TDG – Transdigm Group Incorporated
  • APVO – Aptevo Therapeutics Inc
  • AVGR – Avinger, Inc
  • CLSD – Clearside Biomedical, Inc
  • STML – Stemline Therapeutics, Inc

Long Setup

Long ideas over $10.

  • SWKS – Skyworks Solutions, Inc
  • AIRG – Airgain, Inc
  • GOL – Gol Linhas Aereas Inteligentes S.A.
  • EMES – Emerge Energy Services LP
  • CDZI – Cadiz, Inc
  • TK – Teekay Corporation
  • KRNT – Kornit Digital Ltd

That's it folks and Happy Trading!

PS: questions? comments? feedback? I'd love to hear them.

Cartoon Credit - Gary Varvel.