How To Make Quick Grabs This Week

Posted by Joe Duffy | May 6, 2024 | Joe Duffy's Trading Advantage | 0 |

Probably a week where the more lively daily ranges continue. I don’t see a lot of stocks that look either terrible or great. Not much on either side that I would want to pull the trigger on Monday. Within that context I think the market will have an up week. Mid week will consolidate gains before closing strong into the end of week. So I would still rather buy the dips. It’s a day traders market, not a swing traders market, so it’s tough for me to give you a lot in terms of names, simply because I will be in and out quickly.

Last week the market did a very good job of trapping both bulls and bears with false moves and head fakes. This week likely to be the same. Don’t chase in either direction. Best bet is to hold your nose and buy any sell off. Subscribers still managed profits in SPY, NKE, PYPL over the last week.

Thanks,

Joe

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Joe Duffy

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