Consumer Discretionary (XLY) stood out on Monday, down 1.41%, about 1.5 times a normal day's move. It is down 6.8% over the last 20 sessions.
Tonight's free trade: ORCL
Oracle (ORCL) sells enterprise database software and a broad suite of business applications, and has become a major cloud-infrastructure provider renting computing capacity. It closed Monday at $132.60, down 3.3%.
This is a Mean Reversion trade. ORCL is deeply washed out. My buy limit sits under Monday's close, so it fills only on further selling.
The order goes in before Tuesday's open. To copy into your broker:
Buy limit $128.62, day order
Size: about 5% of your account
Stop: none, by design
Time exit: sell at the open Thu Oct 1
It fills only if ORCL trades down to $128.62 on Tuesday. If it has not filled by Tuesday's close, it expires.
Shares are 5% of your account divided by the price. On $10,000 that is $500, or 3 shares.
There is no stop by design. The trade ends at the time exit.
I give away one trade a night, usually the order closest to filling. Members get the rest of Tuesday's sheet tonight. That is 10 more swing orders in 8 other stocks, 15 day trades, and tonight's exit plan for all 8 open positions.