Although I believe that TBT will move higher in the coming months, as of now, political insecurity is attracting money back into Treasuries.
I also bought 1/2 a long position in NSM when it pulled back down after an initial surge.
I can now place a stop just above the entry price and wait.
The list of trades for today is below.
I still think that a new tentative POMO bounce may take shape today. I therefore plan to buy TNA weakness, but I will also look at shorting AAP or NDAQ. TNA is only for a day trade, as we will probably need to turn short at some point if the 20DMF shows negative divergence.
As you can see, NDAQ is a leading stock. I very seldom even consider shorting leading stocks, but the EV pattern is very negative and I believe the risks are low.
AAP is certainly a more traditional short trade.
Today, SSYS will publish its earnings. I like the stock and might buy it if earnings are good.