In trading, you’re going to be wrong. A lot. That’s okay. What’s not okay? Staying wrong when the charts change. I was wrong last week to turn bullish. The action instead said to be neutral. So, that’s where I shrink back to!
I keep wanting to buy oil. I mean, it has to bottom at some point, right? I guess, but the time isn’t now.
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Many of you know I’m a fan of “buying what you know.” In that regard, Rite Aid (NYSE:RAD) is my local pharmacy, and I’m there at least once a week. I started looking at the stock years ago, and it moved up nearly 800% from its lows. I STILL like it but would wait for a new high.
Back next week to see if the Nats can hold onto first place!