Consumer Discretionary (XLY) led Friday, up 1.13%. It is still down 5.3% over the last 20 sessions.
Tonight's free trade: TDAY
USA TODAY (TDAY) Co is the news publisher behind the USA TODAY national daily and a network of local newspaper titles. It closed Friday at $7.05, down 0.1%.
This is a Bull-Flag Momentum trade. TDAY made a big one-day move up and has stayed in the top half of that day's range since. My buy stop sits above Friday's close, so it fills only on a fresh push higher.
The order goes in before Monday's open. To copy into your broker:
Buy stop $7.23, day order
Size: about 5% of your account
Target: sell limit $9.01, good till cancelled
Stop: sell stop $6.54, good till cancelled
Time exit: sell at the open Mon Nov 9
It fills only if TDAY trades up to $7.23 on Monday. If it has not filled by Monday's close, it expires.
Shares are 5% of your account divided by the price. On $10,000 that is $500, or 69 shares.
The stop is a real order. Enter it with the buy. The system re-sets it after every close, and members get the new level each night. Whichever exit comes first closes the trade. Once the target or the stop fills, cancel the other one. For the time exit, cancel both before you sell.
I give away one trade a night, usually the order closest to filling. Members get the rest of Monday's sheet tonight. That is 14 more swing orders in 10 other stocks, 28 day trades, and tonight's exit plan for all 10 open positions.