Two Stocks I Will Be Buying At Market Open Today
Trading Fam,
In my last post a couple of days ago, I warned bears that this Head and Shoulders pattern we were seeing on the SPY 0.00%↑ could fail. I admonished that even if it did complete investors who sold at my Target #2 were not wrong to start their Dollar Cost Averaging (DCA’ing) back in at that point. The SPY 0.00%↑ was at $575-$580 when I made that admonition. Today, two days later, it is $594 and could keep going higher. The market hasn’t opened as of this writing for us to know for sure, but it is looking like the H&S will fail and the bulls will continue to send us higher. Eventually, sometime in 2025, I expect we will hit Target #3, my final target for the SPY 0.00%↑ before our party is over and this 16-year secular bull run ends.
That being said, for now, I am going to capitalize on this finale where I find opportunity and continue trading in and out of long positions while I can.
At market open I do plan on entering the following long trades:
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