DailyPlay – Opening Trade (DHI) – September 18, 2024
DHI Bullish Opening Trade Signal Investment Rationale...
Read MoreDespite a shortened week for Labor Day, we have an outsized amount economic data due this week for the labor market. With the slowdown in manufacturing data and Fed surveys that show a continued cooling of the labor market, there is a heightened risk that non-farm payrolls on Friday will drive further market volatility. Due to this, we recommend reducing our overall long exposure in the DailyPlay portfolio for positions that have not yet reached their stop loss or take profit objective. We are going to close out our SHOP and CSCO trades as they have exposure to a slowdown in consumer spending and the overall semiconductor industry.
DHI Bullish Opening Trade Signal Investment Rationale...
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