Which Stock Is The Canary In The Coal Mine?

Posted by Joe Duffy | Feb 21, 2024 | Joe Duffy's Trading Advantage | 0 |

For Tuesday trade I voiced the view that there were some dents in the market armor. I gave three stocks to watch. Tesla which I thought most shortable never gave a chance down $7. NKE, definitely still on the watch list for better opportunities and keeping dry powder with an eye on this one. I did though commit to the June puts in PYPL with the stock at $58.70.

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I wanted to have some options on with time to expiry on the put side, but also want to have plenty of capital left. So I will be sticking just with this position for now. AAPL was up a bit today and that’s a key stock to watch for clues going forward, as I mentioned last time.

Thanks,

Joe

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Joe Duffy

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