However, there's a chance that this will set us up for a rally tomorrow - after all, today's action did not produce a lower low, let alone a close at a lower low.
Today's prospect TRN sank with the rest of the market, and I don't really like the setup as much anymore so I'm not carrying it over. Sometimes though it's precisely the sub-optimal setups that end up paying off. Therefore I will only lightly discourage you from putting TRN on your list for tomorrow. Like most stocks, it pulled back far today but didn't make a lower low (I'd've scratch it outright if it had).
My trade prospect for tomorrow is a stock I already own. I bought LVLT at 3.41 on a prior setup (those of you on Zecco community already know this if you checked my profile). Because I do not allow myself to add to a losing position, I cannot buy at the Entry A price. Oh, by the way, for tomorrow's pick I decided to add an Aggressive vs. Conservative entry point. Feel to free to mix and match the A & C entries and exits, make two orders instead of one, etc. I don't think now is the time to go aggressive in general so my recommendation is not to commit too much to the Aggressive figures if you plan to use them.
| Ticker | Entry A | Exit A | Entry C | Exit C | Chart |
|---|---|---|---|---|---|
| LVLT (Level 3) | 3.36 | 3.23 | 3.43 | 3.07 | Chart |
Please refer to "How To Trade This System" (right-hand side) to read this table.
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