Slowwwww Day

For investors it was not a bad day today, depending which side of the fence you are on
For active traders, now that’s another story
We here at theoptionscoach.net feel like we got whiplash from watching prices ping / pong all day 🙃 

Stocks can’t always go up, and they can’t always go down, sometimes they simply gyrate back and forth inside of a range and get stuck there
If you are a professional trader like myself you understand the difference
Full time traders do not care if a stock is up or down, they could care less, they only want movement. Days like today they didn’t get much…..

Today was to be expected ( somewhat ) We hit fresh ATH’s yesterday in the DOW and the S+P….. The NASDAQ just had one on Tuesday…
The markets are also in wait, watch and see mode with tomorrows jobs report looming

UNH which we spoke of just this morning fell hard today by over 5.5%
It’s current price of $578.00 looks to be seeking Support
Should it continue to fall we will simply let it do it’s thing
Should it find Support at the bottom of it’s current box ( $560.00 range ) and then bounce, it will offer fresh entry points far favorable than those listed this morning
This is one that is now on the Watch List and we are monitoring it closely for a possible entry

With todays action there aren’t any new swing trades / investments
Lets take advantage of today and take a look at a few of our favorites and how they did today

AMZN +1.10%
COST -0.87%
GRMN +0.38%
HD -0.32%
META -0.79%
NVDA -0.05%
SFM -1.52%

The good part? If you looked at them on a weekly time frame they all show strength
Tomorrow is another day….

The Options Coach