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Welcome To Trading Goodly!

Hello everyone, I am CJ Mendes and I have been a trader and professional market participant for nearly 30 years.

As a trader, I have studied markets and tried many different strategies for trading both personal and professional accounts and I have found one thing in common between these strategies and it’s that they all work in some environments and not in others. Markets are dynamic and ever changing and so should its participants.

This blog isn’t about finding the holy grail of trading… It’s not about telling you I have the strategy that beats all strategies, it’s a written account of my trials and experiments with different styles and my conclusions. The reason I have created this blog is to hopefully save readers from making some of the same mistakes I have made, costly mistakes at that and at the same time share some of my successful strategies.

I have written for several publications in the past but today you will find my updates here and in See It Market.

I ask that if I capture your interest with what I say, that you get involved within my site. I love to talk about markets and trading! It’s not only what I do for a living, it’s my passion! Comments are always welcome.

Trading is hard….

Let’s get something out of the way… Trading successfully (i.e. profitably) is incredibly hard. Anyone who tells you otherwise is simply misguiding you. As a trader, you are up against some of the brightest, well informed opponents every single day. Its critically important to learn to pick your battles.

If day trading is your main genre, you may not get much out of our site.

I trade stocks and options on large cap stocks and ETFs. My holding periods range from a few days to a couple of months. The larger and more liquid the stock, the better I have found my chances are.

Thanks for stopping by!

Cheers,

CJ

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Stock Market Updates: Sector Rotation Accelerates

Both of these sectors are beginning to roll over and that has kept the broad market S&P 500 (NYSEARCA:SPY) spinning its gears and looking vulnerable. stock market updates

I mentioned in the last couple of updates that the S&P 500 had reached 2 standard deviations above its 13 month MA which is indeed thin air territory. Perhaps yesterday’s sell-off is the start of a pullback…

We have backed away from it a bit and I still am of the opinion that the highs are in for this month.

An early recipient of inflows in this latest rotation appears to be the unloved energy sector, particularly large integrated companies such as Exxon Mobil (NYSE:XOM) and Schlumberger (NYSE:SLB). Again this is very early in the rotation and caution should still apply but I am building positions in the following:

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Again these are starter positions on a sector I think will do well in the next couple of months.

Sector Rotation

Rotation is the lifeblood of the bull market. I wanted to put out a few sector charts to highlight how some sectors are looking today.

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Thanks for reading and trade safe!

 

Twitter:  @CJMendes

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

 

NOT INVESTMENT ADVICE – PLEASE READ INVESTMENT DISCLAIMER.

 

 

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