Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.
The following notes & charts list the price targets, suggested stop & beta-adjusted position size for a swing trade in PRGO, Perrigo Co. PLC.
I had just posted this setup in the trading room a short while ago but as the stock has since impulsively moved up beyond the downtrend line, I figured that I should post it as an official swing trade setup asap since it could trigger an entry soon. PRGO (Perrigo Co PLC) will trigger a long entry on a break above 76.35. Targets are shown on this daily chart with the exact levels as well as the weekly chart (also setting up for a bullish trend reversal) as well as the suggested stops to follow soon. Suggested beta-adjustment for this trade [...]