Closing Trades (PWR) – Tuesday, Dec 17th, 2019

DailyPlay Positions Outlook:

The S&P 500 has printed 3 consecutive 52-week highs on trade war resolution and strong economic numbers. We maintain a strong bullish stance on the markets, however, markets remain overbought and pullback risks remain elevated. We take this opportunity to cut losses on our PWR long which has failed to join in this rally. 

Closing Trades

• PWR – 65% Loss: Long Jan 17 ’20 42/46 Call Verticals @ $0.48

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Upcoming Event

Preparing Your Portfolio for a Recession – Special Guest Bennett McDowell (TradingCoach.com) – Thursday, Dec 19th @ 4:15PM EST – Book Your Spot