Taking Profits (INTC, SCHW) – May 20th, 2020
DailyPlay Positions Outlook:
After a small pullback during today’s price action, a few sectors started to weaken into the close with Energy and Financials leading the move lower. We take this opportunity to take profits on our short SCHW trade and cut losses on our INTC long. With bulls trying to take control of the market, there have been substantial selling into each rally.