Long/short equity, special situations, currencies
Here are today's trading signals for our VIX Trading System (designed to trade volatile stocks short-term). It looks like Europe wants to get bullish again, after weeks of bearishness.
|VIX2||Short||JPNL, Japan Bullish||37|
|VIX-SS||Long||GDAX, German Index||9962.02|
|VIX-SS||Long||FTSE, British Index||6204|
|VIX-SS||Long||FCHI, French CAC Index||4340.76|
|VIX-SS||Long||SLG, SL Green Realty||102.25|
|VIX-SS||Long||SINA, Sina Corp||49.26|
|VIX-SS||Long||GDDY, Go Daddy||32.37|
|VIX-SS||Long||EL, Estee Lauder||93.08|
|VIX-SS||Long||AXP, American Express||62.3|
We keep saying we expect a NASDAQ rally. That makes us look at GDDY, Go Daddy, a stock we would not ordinarily like very much (like TWTR, FIT, etc.) but it does look good as a chart.
Amazon is expensive. But what not to like in this chart?
We showed you all AXP, American Express, as a monthly chart buy earlier today. It is also a daily stock trading buy.
The trend direction (top pane) in the daily chart is a bit tired. But with the monthly chart adding perspective, AXP should go higher.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Go Daddy.com is also a BUY SIGNAL.