Cautious Me

Futures are indicating a huge open for the markets. If I were more pessimistic, I would sell into it, but instead I'll just hope this is the start of the next leg up. If not, I have the trailing stop loss orders in place.

No trades Monday.

Tuesday trades: I covered my short Jan $20 RES calls for a nickle. I plan to sell calls again before expiration.

Reversal alerts: (61) total between Monday and Tuesday.

Stocks showing strong earnings growth across the next two quarters but with a forward P/E > 20: ARBA PVH SLH ERES.

Stocks with some sales acceleration and a forward P/E < 20: See chart.