Hello Investors,
Today’s session focused on scanning, and it was a productive one. We walked through how to use sector charts to quickly narrow down potential opportunities and how to identify the individual stocks within each sector to streamline the process.
Using this approach, we identified a couple of potential trades in CAH and REGN. Given the lighter liquidity, we prefer trading the underlying stock in this case, and we executed a position in CAH as outlined below:
- Bought 22 shares of CAH at 199.00
- OCO (one-cancels-other) bracket orders attached:
- Sell 22 shares at 231.00 (limit)
- Sell 22 shares at 185.30 (stop loss)
- All OCO sell orders are set as GTC (good ‘til canceled)
As a reminder, we will not be meeting live next week. Our next session will be in two weeks.
Have a great week!