Today was a very interesting day in the market as the Volatility Index moved higher after one of the most impressive rallies in the last 12 months. As I mentioned in the video, I do believe the VIX will pull back a little bit which, in turn, could help us with this new long position in SCHW.
Below is a link that will bring you to a video that highlights our newest trade candidate:
I’ve also attached a PDF file that outlines the risk management plan for this position. Please be sure to review all of the information before placing any trades to your account because this is a CONTINGENT BUY ALERT, which means we have to wait for the right signal, towards the end of the trading day tomorrow, before we take a long position.
Have a great trading day tomorrow and a great weekend to follow.
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