Daily Trading Analysis- August 16 , 2018

Daily Trading Analysis- August 16 , 2018

Yesterday it was a bloody red day in the markets ! I used this opportunity to pick up SNAP – my favourite day trading stock at the moment. I have had two good day trades with SNAP . Trying for a third .

Based on my “What you need to know before the opening bell ” update the markets overseas for the non pacific area was green ! That is good news for my SNAP trade . If no SNAP or industry specific negative event occurs I can expect my SNAP share to go up in value . I can use a profitable trade .

The Asia region markets were negative . The updater attributed this to trade restriction talks ( stupid Trump ) . Given this development – I dont see my commodity stocks turning green today. Sometimes you just have to hold and be patient.

Happy Trading !

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