No Trades Today

Today was a bloodbath and I stayed dry.

The above shows the majority of the sectors ending up in the negative today from yesterday. While Energy kept the lead amongst all the sectors. As a result, the targeted stocks I studied last night did not stand a chance, and I did not enter any trades today; I preserved my capital.

So let's prep for tomorrow:

After running my model, I see the three main targeted sectors (XLF, XLC, XLY). I do think tomorrow's XLF will be leading the game with the report on interest rates taking place. At the same time, I think utilities will be jumping here as the traders will go into hiding their money in security sectors.

Target stocks

• JPM & V from XLF
• GOOG & TMUS from XLC
• CEG from XLU
• TSLA from XLY

While I think tomorrow will be better than today overall. I do think the financial and the utilities sector will lead the day tomorrow. While my model hasn't predicted XLU, I've seen this happen before, so I have high conviction.

On to a wonderful trading Wednesday