[Capital Essence NewsDesk] We've opined in our previous Market Outlook that "Monday trading action suggested a negative bias into Tuesday trading session", equity market closed slightly lower Tuesday with the Dow lost 31 points to 13089.
Editor's Note: below are just some trading ideas flow from our latest Headlines.
· We've sold another leg (50%) of the QQQIS (September 45 Call) position as the "Cubes" test the $47 area - our second target zone - for a 50% profit.
· Prices are testing the overhead resistant. Market breadth remains positive and seems to be supporting a positive closing.
· "Cubes" appears to be consolidating before a leg higher.
As a matter of fact, the QQQQ closed up 51 cents or 1.14% for the day. We still hold on to the last leg of the QQQIS (September 45 Call) position, which is carried an amazing unrealized gains of more than 50%.
· Perry Ellis (PERY) jumped more than 12% this morning and had achieved the first target, $32, in as little as 1 session. This is incredible. According to "the rules", we've sold 75% of our holding into this area for an amazing profit of +13.24%.
· The newly set up Vasco Data Security (VDSI) also triggered and moved higher, up more than 2% on heavy volume.
The "Swing-Trader Bulletin" Portfolio rose +7.51% month-to-dates.
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