Stocks higher today with the Wyckoff Wave trading at 35,790

Todd Butterfield Market Opinion-Free, Model ETF Portfolio, Model Stock Portfolio 0 Comments

Stocks are recouping yesterdays sharp losses with a nice advance so far today. We believe yesterday we completed a test of the most recent lows, and will now work higher from here. Metals stocks are surging higher, and we feel like we need to try and buy a pullback in this market. We are long SPY, XLE, VNQ in the Model ETF Portfolio We are long MSFT and GE in the Model Stock Portfolio

Big reversal so far this morning…Wyckoff Wave 36,875 after an early low of 36,070

Todd Butterfield Market Opinion-Free, Model ETF Portfolio, Model Stock Portfolio 0 Comments

Hopefully you are closing following our Twitter feed, as we put on some nice buys this morning!!  XOM up over $3 today, MSFT up over $1.   We added GE and BA to our long positions as well today. We also added two more different trades in XLE and VNQ each. We came in bullish, and this mornings weakness allowed us some more lower risk entries. Stay tuned!!