Closing Trades (JPM, SO) – Wednesday, Oct 16th, 2019

DailyPlay Positions Outlook:

Markets have regained the $295 resistance level and now act as support. We continue to maintain a cautiously bullish stance as we await more earnings reports. We are watching a key $302.50 resistance as the next barrier to break above to initiate further long positions. As markets pop higher on some strong earnings, we are taking profits on long positions in JPM and cutting losses on SO.

Closing Trades

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