I went into today thinking that if the market can pop off of the morning lows, that would be my cue to get long 2-3 more positions. So far I got two of them, and one of the others happens to be SINA that I’m watching closely.
The two trades that I took, Fortune Brands Home and Security (FBHS) and Limited Brands (LTD) offer similar setups in two separate industries, where there is an uptrend in place, followed by a pullback to support. Both should be considered swing-trades and both have tight stop-losses attached to them.
Here’s my two new long positions and their setups.
