Trading the Charts for Wednesday, April 17th

Right now I only have 2 positions in my trading portfolio… TMDX and CPNG

The last couple weeks have been very choppy, hard to trade this market because “almost” nothing is working.

Now we’re seeing lots of previous leaders pulling back to their 50d, 65d, 100d and 200d.

Sometimes it’s worth taking a swing at a few of these stocks on the pullbacks but no guarantee they hold and even if they bounce they’re probably running into resistance rather quickly.

I still prefer the breakouts but unfortunately this market isn’t giving us any so I can either wait for the breakouts to come back or I can start nibbling on these pullbacks.

If you’re willing to take a swing at some quality growth stocks on pullbacks to the 50d and 65d than there’s 15-20 that look pretty compelling today.