News / Uncategorized
[Platinum Watchlist] (4.10.23) Todays Stock to watch
[Platinum Watchlist] (4.10.23) Todays Stock to watch
August 21, 2023
Good morning
Last week we reduced exposure in the Paper Trade Portfolio prior to the long weekend. Trades were described in the above commentary.
The markets were closed on Friday when the Labor Department reported non-farm payrolls rose by 236k which is below the estimate of 240k. The unemployment rate dipped back to 3.5% while the labor participation rate climbed to 62.6%. We will see hoe the market reacts to this data today.
There were not many really good swing trading set-ups found to start out the week so managing the portfolio with be the focus today. We did find several companies for the Horizons List which will be monitored for potential candidates to be moved up to the Watchlist.
With that being said the utilities sector showed some strength last week which propelled the price action of Southern Company above its 200-day SMA.
Look for further confirmation to see if price will bounce off the 200 SMA forming a level of support. Stop limits may be found at the Resistance level around $74.00. Swing trading is based on patience and follows a trading plan in order to manage risk. The more emotion you can take out of the process, the higher probability of a successful outcome.
Have a great day! This information is provided for educational purposes and is not a recommendation to buy or sell a security
Share this article:
More in Uncategorized:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
[Platinum Watchlist] (4.10.23) Todays Stock to watch
August 18, 2024