The S&P 500 slipped 0.4% today after Monday's jump of more than 2%, with technology down 1.2% while the average S&P 500 stock finished flat. Primo Brands, the bottled water company behind Poland Spring, has climbed about 22% since the end of October and rested today just under Monday's high, so our order only fills if it trades back up to that high on Wednesday.
Primo Brands is a North American bottled water company whose brands include Poland Spring, Primo Water, Saratoga, Pure Life and Mountain Valley, and it also delivers large water jugs and dispensers to homes and offices. PRMB made a big one-day move up and has stayed in the top half of that day's range since. Tonight's free trade is a buy stop at $24.15, with the stop and exit written out below.
The market on Tuesday
S&P 500 (SPY) 749.92, -0.37%
Nasdaq 100 (QQQ) 674.76, -0.68%
Russell 2000 (IWM) 280.58, -0.68%
Dow (DIA) 521.73, -0.31%
VIX 19.46, -2.31%
A quiet day for sectors on Tuesday. No sector moved even half a normal day. The biggest move was Technology (XLK), down 1.15%.
Tonight's free trade: PRMB
Buy stop $24.15, day order
Target: sell limit $28.97, good till cancelled
Stop: sell stop $22.72, good till cancelled
Time exit: sell at the open Thu Dec 17
The stop is a real order: enter it with the buy. The system re-sets it after every close, and members get each new level. When the target or the stop fills, cancel the other. Cancel both before you sell on the time exit.
How Bull-Flag Momentum works
A stock shows exceptional power, then rests quietly without giving back its gains - the crowd that missed the move is waiting underneath. We buy the actual resumption of the advance - never the rest itself - and a structure under the rest period defines the risk. Low win rate, big winners - the math lives in the asymmetry.
One thing worth knowing
Most Bull-Flag buys lose, and the system still pays. In our test since 2001, 40% of 1,505 trades made money, but winners averaged +12.80% and losers -6.51%, so the average trade made +1.21%.
Would you take this one? Hit reply and tell me how you'd play it. I read every reply.
Below the line: 3 more swing trades and 15 day-trade setups for Wednesday, with the exact entry, stop and exit for each, plus the stops and exits on our 5 open positions.