TTP MORNING UPDATE:

Good Moring! Markets look lower this morning and its not all too surprising seeing we have the monthly options expiry upon us. Traders may have bee lulled to sleep by low volatility along with a slow grind higher, so todays open may be a slight shock to the system. We enter today with five stocks in the open portfolio, four profitable and one flat. We did get stopped out of FRAC at a loss yesterday while opening a new position in UBSI. All our positions are still fairly well above their stops so we wouldn’t expect any of those to come into play going in to trading this morning. Below is a chart of our newly opened long trade in UBSI.

UBSI

-CJ

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