A Pure Technical Play on Sears

Talk about a she loves me, she loves me not market. I think this makes the eight hundredth day in a row we've experienced an intraday move of 1% or more. Alright, so I may be exaggerating a tad, but the whipsaw action of 2018 continues creating a trading scenario where position-sizing needs to be tightened and targets (both stops and profit) need to be loosened. Without the flexibility of being able to withstand the day-to-day whipsaws, this market will absolutely bury you.

I've preferred buying strength for the most part, but I do want to dabble in some weakness and potential turnaround names. My focus in this area has been on retail as I think it will be the place to be this coming earnings season....250 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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